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Nazi-Looted Art Found, Returned to Heir
4 Sep
Summary
- Painting stolen by Nazis recovered in Argentina after 80 years.
- Heir wins court battle to reclaim Nazi-plundered artwork.
- Agreement reached to return painting and pay fine.
A significant court ruling has mandated the return of a Nazi-looted painting, "Portrait of a Lady," to the heir of its original owner. The artwork was recovered in Argentina last year after being missing for eight decades.
The painting, part of Jacques Goudstikker's extensive collection, was discovered in photographs of a property near Buenos Aires belonging to Patricia Kadgien. Her father had been an advisor to Hermann Goring.
Kadgien and her husband have agreed to relinquish all rights to the "Portrait of a Lady" and will donate 4.8 million pesos to local hospitals. In exchange, criminal proceedings against them have been suspended.
Marei von Saher, Goudstikker's sole heir, plans to loan the painting to the Holocaust Museum of Buenos Aires to raise awareness about looted art. The family aims to recover all stolen works from Jacques' collection.
