Art Investment

Remanded the restitution landscape by Gustav Klimt put up for auction

Klimt painting "The town Litslberg on Attersee," which recently returned for the restitution of pre-war successor to the owner, will fall at Sotheby's with an estimate over 25 million dollars

painting by Gustav Klimt "The town Litslberg on Attersee" (1915), which recently returned to the restitution of pre-war successor owner , put up for auction of Impressionist and Modern Sotheby's on November 2 in New York. Over the top lot plan to bail out at least $ 25 million.

Gustav Klimt
town on Lake Attersee Litslberg.
1915 oil on canvas
Sotheby's. 02.11.2011
estimated $ 25 million
Source: artdaily.com

«It's very, very beautiful work," - says Jane Kallir (Jane Kallir), director of the Galerie St. Etienne in Manhattan, where he spent the first American retrospective of Klimt in 1959. This estimate considers the owner of the gallery, "a conservative and a very reasonable starting point", the end result may be much better.

Klimt Landscapes comes from the collection of Austrian steel magnate and philanthropist Victor Tsukerkandlya (Viktor Zuckerkandl) and his wife Paula. In 1927, part of the collection, including "Town Litslberg at Attersee", passed to his sister Amalia Redlich (Amalie Redlich). In October 1941, Frau Redlich was deported to Poland, where she soon died. Redlich collection was confiscated and then sold by the Gestapo officers. In 1944, Klimt's painting came to the State Gallery in Salzburg (Landesgalerie Salzburg), which is now known as painting gallery Salzburg (Salzburger Residenzgalerie), and then it found in the collection of the Museum of Salzburg modernism.

decision to hold the restitution was made in April, and in early July, the Museum of Modernism in Salzburg gave Klimt painting Yorishu George (Georges Jorisch) - grandson of Amalie Redlich.

Gustav Klimt
Church in Cassone. Landscape with Cypresses. 1913
Oil on canvas. 110 x 110
Sotheby's. 03/02/2010. Lot № 13
Estimate: 12-18 million pounds
Result: 26.9 million pounds
Source: sothebys.com

This is not the first work of Klimt collection Redlich, put up for sale. In February 2010, at Sotheby's painting "The Church in Cassone. Landscape with Cypresses "(1913) was sold for 26.9 million pounds (estimate 18 million) - while the most expensive landscape painter. Recent owners of the picture, after learning that she once belonged to Amalie Redlich tragically died, we decided to divide the proceeds from the sale of her grandson George Yorishem.

Jane Kallir believes that "Litslberg 'even better "Church in Cassone." If the landscape with cypress trees at home takes about four-fifths of the square canvas, almost closing the viewer's green mountain slopes, then the picture with the lake Attersee landscape, however, becomes dominant, which makes the picture more lyrical and charming.

Part of the proceeds from the sale of paintings at Sotheby's, George Yorish promised to donate Salzburg Museum of modernism to build a new extension to be named in honor of his grandmother.

Prepared Maria Onuchina, AI

Sources: artinvestment.ru


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