Christie’s has announced the restitution sale of Cranach the Elder’s portrait of the Elector of Saxony:
Lucas Cranach the Elder’s Portrait of John Frederick I, Elector of Saxony,called John Frederick the Magnanimous, once part of Fritz Gutmann’s renowned art collection in the pre-war Netherlands. Missing for nearly 80 years before its recent rediscovery in America, Christie’s is privileged to have facilitated the return of this important work to the Gutmann family. Cranach’s Portrait of John Frederick I, Elector of Saxony will be presented in public exhibitions in Hong Kong (March 30 – April 4) and New York leading up to the Old Masters auction on April 19, 2018 in Christie’s Rockefeller Galleries with an estimate of $1,000,000-2,000,000.
