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Second Restituted Klimt to Come to Market

July 15, 2011 by Marion Maneker

Carol Vogel sums up the state of play with George Jorisch’s restituted Klimt paintings with the announcement that Sotheby’s will sell “Litzlberg on the Attersee” at Sotheby’s on November 2 in New York:

A settlement over one of the paintings — “Church in Cassone, Landscape With Cypresses” (1913) — was reached in late 2009 between Mr. Jorisch and the owner, an unnamed European collector. In February 2010 that painting was sold at Sotheby’s in London for $43.2 million. The second landscape, “Litzlberg on the Attersee,” which had been hanging in the Museum der Moderne in Salzburg, Austria, was returned to Mr. Jorisch just last week. That one is also heading to auction. Sotheby’s is putting it up for sale on Nov. 2 in New York, where it is expected to bring more than $25 million. (Mr. Jorisch said he was planning to give about $1.8 million from the sale to the Museum der Moderne, earmarked to help pay for an extension.)

Inside Art: Klimt Landscape for Sale (New York Times)

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Filed Under: Fraud, Theft & Restitution

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