Settlement reached on ownership of Renoir

Publié le par Roger Cousin

JournalUnited Press International oublished 06/12/2011 at 10h37 AM

Chicago, Dec. 6 (UPI) -- A settlement has been reached on ownership of a Renoir painting that once belonged to a German Jew forced to flee the Nazis, a Swiss lawyer said.

Renoir Pierre AugusteOlaf Ossmann, who presents heirs of German textile manufacturer Richard Semmel, said the accord allows the descendants of a Lake Forest, Ill., industrialist to sell the painting, the Chicago Tribune reported Tuesday.

Questions about ownership of Renoir's "Landscape Near Cagnes" arose this year after the estate of steel magnate Newton Korhumel, who purchased the painting in 1956, tried to sell it through Christie's auction house in Chicago.

Ossmann told the Tribune it was firmly established that German textile magnate Richard Semmel was forced to dispose of the painting in order to leave Germany. He eventually settled in the United States.

Settlement of the suit prohibits all parties from discussing the terms. Relatives still hope to track down some 100 works of art Semmel was forced to sell before fleeing Hitler's Germany, Ossmann said.

Publié dans Articles de Presse

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