In recent years, both Christie’s and Sotheby’s have been praised for their diligence in provenance research and their efforts to arrange restitution settlements with heirs of plundered art. But decades ago, both sold paintings once owned by Grünbaum without such agreements. The watercolor that Sotheby’s is offering next month was sold at auction in London in 2005. The owner, David Bakalar, purchased it from a New York gallery for $4,300 in 1963. But the 2005 sale was canceled when the Grünbaum heirs, Leon Fisher and Milos Vavra, claimed it had been looted.
Posted on: Sat, 25 Oct 2014 04:21:17 +0000
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