Art Investment

Resolve the case of "The Portrait Valley"

"Portrait of Wally brushes Egon Schiele returns to the Leopold Museum in Vienna.

Case Portrait of Wally of Egon Schiele (Egon Schiele), which we wrote at length in early July , was completed. Recently the publication of The Art Newspaper reported on the completion of a restorative process. The decision was made one week prior to the previously scheduled date of hearing - July 26. The U.S. government, representatives of the heirs of the pre-war owner of the paintings of Lea Bondi Yarai and Viennese Leopold Museum agreed on the fact that the painting will return to Austria. During that heirs will receive from the Fund Rudolf Leopold compensation of $ 19 million.

Family Bondi will no longer be eligible for "Portrait of Wally, and the U.S. government would withdraw the arrest of the picture. The agreement was confirmed by a judge of the Southern District of New York Presque Loretta (Loretta Preska).

Recall that the "Portrait of Wally came to America in 1997 as part of a retrospective exhibition of Egon Schiele at the MoMA in New York. Pictures for the exhibition provided the Leopold Museum. Family Bondi saw "Portrait of a Valley" and demanded its restitution. The U.S. government has sided with the heirs. Since then, the portrait was under arrest, went on an investigation, which culminated in the adoption and the current solutions.

Pending Leopold Museum agrees with the exposure of a portrait to accompany him detailed information plate. It must be specified prewar provenance, including the theft of a portrait by the Nazis. This condition concerns the demonstration of "Portrait of Wally as a permanent exhibition, as well as any temporary exhibition.

Before returning to Vienna, the portrait will be temporarily exhibited in the Museum of Jewish Heritage in New York York.

Bondi family members were satisfied with the decision. The detailed story of the painting to attract attention to the issue of Nazi confiscations recall the horrors of the Holocaust and to open his eyes to the fate of art in the hands of the fascists.

Prosecutor Southern District of New York Prov. Bharara (Preet Bharara) call this solution "tiny steps towards justice." Favorable resolution of this dispute restorative give other victims of repression hope that they also will regain the stolen art.

Source: theartnewspaper. com , artinvestment.ru


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