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February 2000 fine-art market intelligence

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Category: Fine art

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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.

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.

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