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Displaying items by tag: claims

This story is the stuff of film. An Auguste Rodin statue that was stolen from a Beverly Hills mansion 24 years ago was finally recovered after it popped up at a Christie's auction. The work, which was estimated to sell for around $100,000, had been consigned and was subsequently withdrawn.

Now, following a settlement brokered with the help of London-based Art Recovery Group led by CEO Christopher Marinello, the statue, Young Girl With a Serpent (circa 1886), will be consigned for sale this year, with no claims to hinder it.

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The US Supreme Court has rejected the appeal of Pasadena's Norton Simon Museum in the case of the ownership of Lucas Cranach the Elder's paintings "Adam" and "Eve" (both circa 1530). The artworks originally belonged to Jewish art dealer Jacques Goudstikker, who in 1940 was forced to flee the Netherlands following the Nazi invasion.

The case, which has been in federal court since 2007, was originally dismissed in the museum's favor in 2012. Goudstikker's daughter-in-law, Marei Von Saher, got a second chance last June, when a judge ruled that the pursuit of her claims did not conflict with US federal policy (see Norton Simon's Nazi-Looted Adam and Eve to Head Back to Court).

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A bitter dispute over a painting bought for £140 five decades ago reaches the High Court today – with some of the world’s most prominent Caravaggio experts lining up to take sides.

Sotheby’s is being sued over claims that it misattributed a work – The Cardsharps – to a follower of Caravaggio rather than the Italian painter himself, costing the seller millions of pounds.

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Wednesday, 02 January 2013 13:13

Folk Art Museum to Relinquish Promised Artworks

When Ralph Esmerian, owner of the jewelry company Fred Leighton, filed for bankruptcy and was sentenced to six years in jail for fraud in 2011, the American Folk Art Museum felt the repercussions. Esmerian, a prominent donor and former chairman of the institution, had promised the museum 263 works from his illustrious collection. Since Esmerian’s downfall, the museum has been working with a trustee of the case to reach an agreement, which was recently realized.

The settlement between the Folk Art Museum and Esmerian states that the institution is entitled to 53 of the artworks he promised to donate. While the chosen pieces are yet to be specified to the public, they were selected for their exceptional quality and include portraits, needleworks, fraktur, sculpture, pottery, and scrimshaw. The retained works will enhance the museum’s collection and aid its educational mission.

The Folk Art Museum will be forced to part with the other 210 promised works, which will most likely be sold at auction in an effort to settle other bankruptcy estate claims.

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