Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Austria’s Leopold Museum Settles on Nazi-Looted Schiele Painting

Don't Miss Out —
Follow us on:
"Houses by the Sea" by Egon Schiele. Vienna’s Leopold Museum agreed to pay $5 million to the granddaughter of Jenny Steiner to keep the work in its collection. Source: Leopold Museum via Bloomberg

June 14 (Bloomberg) -- Vienna’s Leopold Museum agreed to settle with the remaining claimants of Jenny Steiner to keep in its collection Egon Schiele’s “Houses by the Sea,” that was stolen by the Nazis.

The 1914 painting belonged to Steiner until she fled Austria in 1938, shortly after the Nazis marched into Vienna. She escaped to Paris and later emigrated to the U.S. with her two daughters. The painting was seized and sold by the Nazis, then later auctioned. Rudolf Leopold, the founder of the Leopold Museum, acquired it in 1955.

After a $5 million settlement with Steiner’s granddaughter last year, the museum settled with the claimants for the remaining two-thirds of the painting, Leopold Museum said in a statement today.

The Leopold Foundation will finance the settlement by selling paintings, Peter Weinhaeupl, the managing director of the museum, told Austria Press Agency.

Click here for web link

To contact the reporter on this story: Zoe Schneeweiss in Vienna at zschneeweiss@bloomberg.net

To contact the editor responsible for this story: Jonathan Tirone at jtirone@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.