A Vienna museum has reached a settlement with remaining heirs in the case of an Austrian woman whose Egon Schiele painting Houses by the Sea was confiscated by the Nazis on the eve of the second World War.
Last year, the Leopold Museum said it had agreed to pay $5 million (€3.96 million) in compensation to the sole granddaughter of Jenny Steiner, but that negotiations with two other sets of heirs continued.
“Following the settlement with the only living granddaughter of Jenny Steiner in May 2011, strenuous efforts have now led to another settlement with the heirs of Daisy Hellmann and Klara Mertens,” the museum said in a statement yesterday.
The museum houses the world’s largest collection of works by Schiele, one of the major Austrian artists of the 20th century. – (Reuters)