Jordaens portray to be bought after settlement with heirs of Jewish financial institution shareholders

An oil portrait of a younger girl by Jacques Jordaens is to be supplied at public sale in London immediately after the consignor reached a settlement with the heirs of the shareholders of a Jewish-owned financial institution that was compelled into liquidation shortly earlier than the Nazi invasion of the Netherlands.

Head Examine of a Younger Lady (1615-20), to be bought at Sotheby’s Outdated Grasp & Nineteenth-Century Work night public sale immediately, carries an estimate of between £150,000 and £200,000.

The portray is the primary work for which the heirs of Lisser & Rosenkranz Financial institution’s shareholders have obtained compensation—they’re in search of to get better greater than 2,500 drawings and round 50 work in complete. These works have been held as collateral by the Amsterdam financial institution for its loans to Franz Koenigs, a Dutch collector who had run into monetary difficulties.

Lisser & Rosenkranz’s principal shareholders, Siegfried Kramarsky and Salomon Flörsheim, have been Jewish. In April 1940, a month earlier than the Nazi occupation of the Netherlands, they liquidated the financial institution. Koenigs had didn’t repay his money owed and the gathering was bought. By then, Kramarsky had already fled to Portugal, from the place he travelled on to Canada and the US. Flörsheim, who stayed within the Netherlands through the Nazi occupation, was deported to Theresienstadt and survived.

Head Examine of a Younger Lady is a fraction of a bigger research. A portrait of the identical girl in profile is within the assortment of the Worcester Artwork Museum in Massachusetts (the work was reduce aside lengthy earlier than the Second World Struggle, so the Worcester fragment has a special provenance).

The fragment to be auctioned at Sotheby’s immediately was considered one of 35 work Lisser & Rosenkranz consigned to the artwork supplier Jacques Goudstikker, who picked them up from the Museum Boijmans in Rotterdam on 19 April 1940. However Goudstikker, who was additionally Jewish, fled by sea because the Nazis arrived and died throughout his escape on 16 Could.

His gallery was taken over by Alois Miedl, who had many dealings with Hermann Göring and bought 18 of the Lisser & Rosenkranz works to him, together with, it’s believed, the Jordaens portray. The heirs’ representatives say their analysis suggests Göring might have given Head Examine of a Younger Lady to Adolf Hitler for his birthday in 1941 or 1942.

The heirs of Kramarsky, Flörsheim and different shareholders of Lisser & Rosencranz have filed a declare with the Dutch Restitutions Committee for 34 work and tons of of drawings. Three US museums maintain works that belonged to Lisser & Rosencranz. Different works from the gathering have been bought for Hitler’s deliberate Führermuseum in Linz and seized in Dresden by the Soviet military’s trophy brigades. Greater than 300 of those stay on the Pushkin State Museum of Advantageous Arts in Moscow.

“It will be a milestone if the Restitutions Committee determined in favour of the shareholders’ declare as a result of many of the works are within the Netherlands,” says Lothar Fremy, the Berlin-based lawyer representing the heirs.

Nonetheless, the UK Spoliation Advisory Panel in March rejected the heirs’ declare for 3 work by Peter Paul Rubens on the Courtauld Gallery. The financial institution bought these works in the identical context however to a special purchaser, and obtained cost.
“The system of restitution, within the context of the Washington Rules, isn’t supposed to supply compensation for shareholders of a financial institution, which suffered monetary loss on the disposal of its belongings, even the place that disposal came about below the stress of imminent Nazi management,” the panel stated. Shares in a financial institution, it stated, don’t quantity to cultural property and due to this fact fall outdoors its mandate.