The work of the House with a colorful linen. Suburban II »from the collections of the Viennese Leopold Museum exhibited at Sotheby's auction on June 22. Now sell to bail out the funds to compensate for other work by Schiele - Portrait of Wally &quo

Egon Schiele
home with colorful clothes. Suburban II. 1914
Sotheby's. 22.06.2011
Estimate: 36-50 million dollars
Source: artinfo.com

Viennese Leopold Museum, founded the famous art collector Rudolf Leopold and now headed by his son Ditardom, to be auctioned off the outstanding work of Egon Schiele. The picture "House of the colorful clothes. Suburban II »will appear at Sotheby's on June 22 this year with the estimate 36-50 million dollars. Museum sells such an important product of his rich collection of works by Schiele to get the funds to compensate the heirs of the former owner of another Austrian expressionist painting - "Portrait of a Valley».

Recall that debate on" Portrait of Wally "by Egon Schiele is one of the most notorious and protracted cases of restitution of works of art , illegally seized from Jewish collectors by the fascists. This trial prompted representatives of 44 countries on the signing of the Washington regulations in 1998 to settle the process of restitution. Litigation on" Portrait of Wally, which lasted more than a decade, was resolved only last summer . According to court Leopold Museum may keep the one of his best paintings, while paying compensation to the heirs of the pre-war owner of the paintings, Lea Bondi Yaray in the amount of $ 19 million.

Analysts were looking forward to final decisions about what kind of paintings from the Museum Leopold to be auctioned off to cover the costs. One option was a sale of the other disputed Schiele painting, "Houses on the sea," illegally seized from Jewish collectors Steiner, Jenny (Jenny Steiner). Ditard Leopold suggested that the heirs jointly sell the painting at auction and divide the profits in half. Its share of the museum would be spent on compensation for "Portrait of Wally. However, this plan guide of the museum was abandoned in favor of this decision on the sale of houses with colorful linens ».

Unlike some other works in the collection of the Museum Leopold, provenance of this painting is absolutely clean. One of the main backers and friend Sheila Behler Henry (Heinrich Böhler) bought the canvas in the year of his writing, and his widow sold the landscape Rudolf Leopold in 1952. This is one of the few outstanding urban landscape by Schiele, privately owned. If the auction will reach at least the lower strap estimate, he immediately becomes the most expensive work of Schiele. The previous record price for work by Schiele - 22.4 million - was paid in 2006 for Christie's. As reports Bloomberg referring to Sotheby's, a certain person has made an irrevocable bid to the minimum lot price. The museum hopes the money from the sale of paintings will be enough to compensate for the "Portrait of Wally" and, perhaps, remain a means to resolve disputes over other restorative museum's collection.

material was prepared by Maria Onuchina, AI

Source: artinfo.com , bloomberg.com , artinvestment.ru