Heir to Famous German Art Dealer Reaches Agreement Over Stolen Nazi Work

April 12, 2012 10:50 am 0 comments

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The Kunstmuseum in Bonn.

Business Week – A Bonn museum settled a claim for a painting by Paul Adolf Seehaus with the heir of Alfred Flechtheim, one of Germany’s most prominent modern-art dealers until he fled Berlin and the Nazis in 1933.

The Kunstmuseum in Bonn said in a statement today it will pay half the estimated market value to keep the painting, “Lighthouse With Rotating Beam,” which it described as “an important work of Rhineland expressionism.” The museum didn’t cite a figure for the value of the work.

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