Works by Egon Schiele – Art looted by the Nazis is auctioned in New York

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Six works of art by Austrian expressionist Egon Schiele stolen during the Nazi era will be auctioned in New York next month.

Three of the works – watercolors on paper, each estimated to be worth up to $2.5 million (about 2.37 million euros) – will be auctioned on November 9, and three more two days later as part of the autumn auction , according to the aforementioned New York auction house Christie’s.

The works of art, including ‘I Love Antitheses’ and ‘Girl Putting Shoes On’, were recently returned to the heirs of Fritz Grünbaum, who owned them.

New York authorities said on September 20 that leading institutions including New York’s Museum of Modern Art, New York’s Morgan Library and California’s Santa Barbara Art Museum had agreed to return seven works by the Austrian artist Egon Schiele to The New York Times. The family of Fritz Grünbaum, a comedian and art collector who died in the Dachau concentration camp in 1941, agreed. Grünbaum’s heirs had been fighting for the return of the works of art for years. He owned hundreds of works of art, including more than 80 by Schiele.

Schiele’s seventh work, once stolen, was sold to “an important collector” and supporter of Holocaust victims, the lawyer for Grünbaum’s heirs told the AFP news agency.

Source: Krone

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