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Copyright Law
: The Art Law BlogRose Break (UPDATED)
By Intellectual Property Law, Esq.
"Two museums announced Monday that they had reached a settlement with heirs of the original owner of two Picasoo paintings . . . who contended that they had been sold under duress in Nazi Germany. The terms of the agreement, reached as a trial was about to begin in federal court in Manhattan, were not disclosed. But [MoMA] and the [Guggenheim] said in a statement that they would continue to own the works. ... In 2007 lawyers for Julius H. Schoeps, a great-nephew of the paintings? original owner, Paul von Mendelssohn-Bartholdy, told the museums that they believed Mr. Mendelssohn-Bartholdy, a German Jewish banker who died in 1935, had sold the works ... under duress, and demanded their return."
UPDATE: More coverage from Lee Rosenbaum.
Full post as published by The Art Law Blog on February 02, 2009 (boomark / email).
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