Breaking News         Latest US News              New York News              Fx Tribune

How to optimise the costs of your business
Christie’s auction house is trying to use a loophole in a new law on Nazi-confiscated art to duck a lawsuit by the heirs of Holocaust survivors seeking to block the sale of an $11 million Degas masterpiece, new court papers claim.Relatives of Ludwig and...

Christie’s eyes loophole to duck Nazi-confiscated art suit

Christie’s auction house is trying to use a loophole in a new law on Nazi-confiscated art to duck a lawsuit by the heirs of Holocaust survivors seeking to block the sale of an $11 million Degas masterpiece, new court papers claim.Relatives of Ludwig and...

Christie’s eyes loophole to duck Nazi-confiscated art suit

Christie’s auction house is trying to use a loophole in a new law on Nazi-confiscated art to duck a lawsuit by the heirs of Holocaust survivors seeking to block the sale of an $11 million Degas masterpiece, new court papers claim.

Relatives of Ludwig and Margaret Kainer — German Jews whose collection of art was stolen by the Nazis in 1935 after they fled to France — are suing Christie’s over its 2009 sale of the Degas piece, “Danseuses.”

The heirs were facing dismissal of their action in 2015 due to the statute of limitations. But the Holocaust Expropriated Recovery Act, which passed Congress unanimously in December, kept their suit alive.

A Manhattan judge has agreed to hear arguments based on the new law. But Christie’s claims it doesn’t apply to them because the auction house doesn’t have the painting.

“As Christie’s is not currently in possession, the fact that it briefly had the painting in 2009 before its sale has no relevance,” the auctioneer’s lawyer Anju Uchima wrote this month.

Family lawyer Geri Krauss said Christie’s defense is “the height of audacity,” because the auction house knows who purchased the painting but won’t tell.

The Kainers fled Germany in 1932.

Our editors found this article on this site using Google and regenerated it for our readers.

Publish Date : 28 Şubat 2017 Salı 23:37

Breaking News Headlines

The Caixa bet by following "commitment to society" of its founder
The Caixa bet by following
Agrolimen transfer from Sant Joan Despí to Huesca factory broths and soups Gallina Blanca
Agrolimen transfer from Sant Joan Despí to Huesca factory broths and soups Gallina Blanca
Trump and Xi are given a truce in their war commercial
Trump and Xi are given a truce in their war commercial
The gender gap in health, a hole of almost 9,000 million euros a year to Spain
The gender gap in health, a hole of almost 9,000 million euros a year to Spain
The funds star funding business basque are still in 'stand-by'
The funds star funding business basque are still in 'stand-by'
Deutsche Bank: "Spain has lost the favour of the great managers"
Deutsche Bank:
Cars of Spain, in the white of the tariffs of Trump
Cars of Spain, in the white of the tariffs of Trump
A high charge of Compromís attacks to an investor british: "Intu go home"
A high charge of Compromís attacks to an investor british:
The digital transformation and "improve your Spanish", the challenges of the new ceo of BBVA
The digital transformation and
The Government will establish a working group to study the regulation of the sales
The Government will establish a working group to study the regulation of the sales
Norwegian "break the monopoly" of Iberia with Boston to add to their direct routes between Madrid and USA
Norwegian
PP and PSOE whiten your history in the crisis: "The problem of the boxes was not their politicisation"
PP and PSOE whiten your history in the crisis:
POLLS Results ALL
Who is the most powerful actor in Syria

Front Pages
  • The Sun
NEWS ARCHIVES