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NYC judge stops sale of Picasso painting in lawsuit over allegations of Nazi intimidation |
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Written by asap
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Wednesday, 08 November 2006 |
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 Judge: Stop the auction of the Picasso painting until it could be determined whether the Nazis forced its former owner to sell it in the 1930s because his family descended from Jews.
U.S. District Judge Jed S. Rakoff issued the order Monday, three days after Julius H. Schoeps, an heir to Berlin banker Paul von Mendelssohn-Bartholdy, filed a lawsuit in Manhattan to stop the sale.
The painting, "Portrait de Angel Fernandez de Soto," was expected to fetch up to $60 million Tuesday at Christie's.
THE SELLER
Christie's said the painting was being sold by composer Andrew Lloyd Webber's foundation for income to be spent on a variety of charitable purposes. A representative of the foundation in London did not immediately return a telephone message seeking comment.
THE LAWSUIT
The lawsuit said Mendelssohn-Bartholdy was subjected to Nazi intimidation that forced him to flee his mansion and begin selling prized paintings into a depressed art market. The lawsuit said Mendelssohn-Bartholdy placed five Picassos, including the de Soto painting, on consignment for sale with Berlin art dealer Justin K. Thannhauser in October 1934.
Mendelssohn-Bartholdy, a member of the family that included the composer Felix Mendelssohn, died in 1935.
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