First artwork from Cornelius Gurlitt collection to auction
Max Liebermann's Two Riders on a Beach (1901) will become the first artwork from the controversial collection of Cornelius Gurlitt to auction.
More than 1,000 important artworks were discovered in Gurlitt's Munich apartment in 2012. He had inherited them from his father, Hildebrand, who dealt in paintings looted by the Nazis.
Included among the find were works by Picasso, Renoir, and this item by Liebermann, which will arrive at Sotheby's London on June 24 with a £550,000 ($850,000) estimate.
The seller is David Toren, the great nephew of Jewish collector David Friedmann, from whom the Nazis confiscated the work.
It was returned to Toren earlier this month.
"I am 90 years old now and blind, so while the return of the painting after so many years is of huge personal significance, I can no longer appreciate the painting as I did all those years ago in my great uncle's home," said Toren.
"Though I am the only living heir to have seen the painting in my great uncle's home, I am one of a number of heirs and we have decided to sell. The painting can now pass into a new phase of its story."
Cornelius Gurlitt, who died in 2014, is said to have been a huge admirer of the work, and hung it on his wall.
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