The Neue Galerie has reached an agreement with heirs of a Jewish shoe manufacturer and art collector over a Karl Schmidt-Rottluff piece seized by the Nazi’s before WWII. The museum has returned the work to the family of Alfred and Tekla Hess, and then promptly bought it back at its current fair market value. “This case is an example of how provenance research has evolved and how much more we know today than we knew 20 years ago,” says Agnes Peresztegi, a lawyer and expert on Holocaust-era property claims.
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