Monet Painting Sold By Jewish Owner After Fleeing Nazis To Be Auctioned After Settlement With His Heirs

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Monet Painting Sold By Jewish Owner After Fleeing Nazis To Be Auctioned After Settlement With His Heirs
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The previous owner was a wealthy Jewish-German industrialist who sold his art collection to raise money after fleeing Germany when the Nazis came to power.

A rare painting by French impressionist Claude Monet is going up for auction next month after Christie’s auction house helped the owners reach a settlement with the heirs of its former owner, a wealthy Jewish-German industrialist who sold his art collection to raise money after fleeing Germany when the Nazis came to power.

By the early 1930s, the painting was in the collection of Richard Semmel, a Berlin textiles manufacturer who was a member of the German Democratic Party and an avid art collector. After the Nazi Party took power in 1933, Semmel fled to Amsterdam, where he auctioned off much of his art collection after he had toChristie’s restitution department “discovered important new information” about the provenance of the work during research, Christie’s Americas chairman Marc Porter said in a statement, and worked with Semmel’s heirs and the painting’s anonymous owners to come up with a settlement.

of Grete Gross-Eisenstädt, a woman who was Semmel’s sole heir when he died in 1950 and reportedly had a romantic relationship with him—have launched multiple bids to have his artwork returned. Last year, a museum in the Netherlands that had one of his paintings in its collection agreed to pay more than

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