Fine Art Auction of Nazi Looted Art Reaps a
Huge Windfall for Heirs
11/08/2006 - A fine art
auction in New York of Nazi looted art reaps a huge result for
Christie's Auction House. Featured in this fine art auction
were works by Klimt, Kirchner, Gauguin and Schiele which
brought in sales at another fine art auction of $491,472,000,
called the biggest fine art auction in history. Four Klimt's
which were restored to heirs of the original owners topped out
the show at this fine art auction coming in at $192.7 million.
One Klimt work, a portrait, Adele Bloch-Bauer
II, sold for
the third highest price ever at a fine art auction for a
Klimt at $88 million.
Portrait of Adele Bloch-Bauer
1912, oil on canvas
74.8" x 47.2" (190cm x 120 cm)
here to see
a hand painted oil
of this famous painting..
Other restituted Nazi looted
art works that sold were Berlin Street
Kirchner setting a new fine art auction record for a
Kirchner work, Single Houses by Schiele, also a new fine art
auction record, two other Klimt's, and a Bonnard and a
Balthus, both setting new fine art auction records. All
of the restituted works were in excellent condition
having been in museums since the 1940s. Marie Altman, the
niece and heir of Adele and Ferdinand Bloch-Bauer intends
to share her bounty from this fine art auction with her
children and grandchildren.
Brenda Harness, Art