Holocaust Victim's Heirs Can't Claim Schiele Piece: 2nd Circ.

Law360, New York (October 12, 2012, 6:00 PM EDT) -- In what may mark the end of a seven-year-old art law dispute, the Second Circuit ruled Thursday that the heirs of a Jewish man murdered in the Holocaust cannot force an art collector to hand over an Egon Schiele drawing they say belongs to their family.

The heirs of Fritz Grunbaum, an Austrian cabaret artist who died at Dachau concentration camp, had called collector David Bakalar's acquisition of the 1917 drawing “Seated Woman With Bent Left Leg (Torso)” the “legal equivalent of buying it off the...
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