A lawsuit has been filed against an auction house, alleging that the sale of a Gustav Klimt painting valued at $100 million was conducted in a manner intended to circumvent international regulations on looted art. The plaintiff claims that the decision to sell the painting through the smaller im Kinsky auction house, rather than larger auction houses like Christie's or Sotheby's, was an attempt to evade strict guidelines concerning the sale of art with questionable provenance.
Auction House Sued Over Sale of Art Allegedly Looted by Nazis
An auction house is facing a lawsuit regarding the sale of a Klimt painting valued at $100 million, which is claimed to have been looted by Nazis. The plaintiff argues that the auction house's choice to use a smaller venue was a tactic to avoid international regulations on looted art.
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Auction house sued for sneaky sale of Nazi-looted art worth $100M, heir claims
Auction House Sued Over Sale of Art Allegedly Looted by Nazis