May 19, 2005 |
In an agreement that will end a eight-year legal battle, 89-year-old Cheviot Hills resident Maria Altmann and the Republic of Austria have agreed to end their litigation in U.S. District Court regarding six Gustav Klimt paintings and to submit the dispute to binding arbitration in Austria.
July 31, 2004 |
The California Supreme Court has agreed to decide whether state courts can hear a dispute over the ownership of a Picasso painting allegedly stolen from the plaintiff's grandmother by Nazis during World War II. The dispute centers on Picasso's 1922 oil painting "Femme en blanc" (Woman in White), believed to have been stolen from a Paris art dealer's home in 1942 and purchased in 1975 by Chicago collectors and philanthropists James and Marilyn Alsdorf from a New York art dealer.
March 24, 2006 |
Maria Altmann, the Austrian-born woman who has been awarded five Gustav Klimt paintings seized by Nazis, also has been granted a stake in a historic building in downtown Vienna. An arbitration panel in Austria recommended that the so-called Palais, estimated to be worth about $6 million, should be returned to Altmann's family. The decision was made Monday and received by Altmann, who lives in Los Angeles, Wednesday. Austria has said it will abide by the panel's decision.
August 10, 2005 |
As the result of an out-of-court settlement, Bay Area resident Thomas Bennigson will receive $6.5 million from Marilynn Alsdorf of Chicago for a Pablo Picasso painting reportedly stolen by the Nazis from Bennigson's grandmother years before Alsdorf acquired it in 1975. Additionally, as part of a prior agreement contingent on the settlement, Bennigson will receive a lesser sum from Stephen Hahn -- the art dealer who sold the painting to Alsdorf and her late husband, James.
January 18, 2006 |
Austria said Tuesday that it would honor an arbitration court decision and give five prized Gustav Klimt paintings to a Los Angeles woman who says the Nazis stole them from her Jewish family. Culture Minister Elisabeth Gehrer made the announcement a day after the ruling that the country was obligated to give the paintings to Maria V. Altmann. Altmann, 89, is an heir of the family that owned the paintings when the Nazis took over Austria in 1938. The paintings' estimated worth is $150 million.
April 9, 2006 |
IN the last moments before the Los Angeles County Museum of Art unveiled its exhibition of five Gustav Klimt paintings last Tuesday, museum leaders, 90-year-old heiress Maria Altmann and attorney E. Randol Schoenberg gathered several dozen journalists in a plastic tent under pounding rain to review the paintings' history.
February 3, 2006 |
Austria's government said Thursday it cannot afford to buy back five Gustav Klimt paintings that a court has ordered returned to a California woman who says the Nazis stole them from her Jewish family. Elisabeth Gehrer, Austria's minister in charge of education and culture, said the government wanted to acquire the masterpieces but decided it could not afford the $300-million price tag.
April 30, 2003 |
A Los Angeles woman's attempt to retrieve $150 million worth of artworks seized by the Nazis in 1939 has taken a step forward. The U.S. 9th Circuit Court of Appeals on Monday denied Austria's petition to reconsider the court's earlier decision upholding the right of 87-year-old Maria Altmann to pursue her claim for the recovery of six Gustav Klimt paintings looted from her family's collection. The federal appeals court had ruled on Dec.
January 21, 2006 |
Five multimillion-dollar paintings by Gustav Klimt have been removed from the Austrian National Gallery in Vienna following a threat to destroy them. The five paintings include "Portrait of Adele Bloch-Bauer I," one of the artist's celebrated "gold" paintings and estimated to be worth as much as $120 million.