Gustav Klimt’s portrait Bildnis Gertrud Loew (1902) will be offered for sale at Sotheby’s London on 24th June in the Impressionist & Modern Art Evening Sale. The painting, which has an estimate of £12-18 million, has been consigned for sale following a settlement between the Felsöványi family and The Gustav Klimt | Wien 1900-Privatstiftung (Klimt Foundation). Continue reading
The Austrian Art Restitution Advisory Board has announced that Beethoven Frieze, 1902, a masterpiece by the Austrian artist Gustav Klimt, will not be returned to the heirs of its original Jewish owner. Austrian law was changed in 2009 to allow for claims for restitution based on property that was sold at a discount because of export bans. The decision is seen as the first test of that amendment. Continue reading
