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February 2000 Market Intelligence

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Fine art

MoMA legal fees in Schiele suit disclosed

theartnewspaper.com

The MoMA has spent over $250,000 in legal fees in its New York lawsuit contesting the attempted subpoena of two Egon Schiele paintings loaned to the museum by the Leopold Foundation in Austria.

Fine art

Counsels of very grudging justice: Austrian government divided on restitution claims

theartnewspaper.com

The Art Newspaper reports that the Austrian Parliament decided restitution should be made to Nazi victims and coerced post-1945 borrowers, but an advisory council repeatedly opposed the plan. The piece centers on Bruno Kreisky and Hertha Firnberg regarding a Klimt drawing case from the Albertina Collection, and discusses the broader implications for restitution claims.

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