Schoeps is suing the Lloyd Webber foundation, saying in a federal complaint that he was an heir of wealthy Jewish banker Paul von Mendelssohn-Bartholdy from Berlin and that the banker lost the painting in Nazi Germany in a “forced sale.”…
And this very interesting tid-bit from law.com
According to the complaint filed Friday in Schoeps v. Andrew Lloyd Webber Art Foundation, 06 Civ. 12934, Mendelssohn-Bartholdy, a Christian, placed five Picassos, including the de Soto, on consignment for sale with Berlin art dealer Justin K. Thannhauser in 1934. Thannhauser then sold the painting in 1936 to M. Knoedler & Co. in New York City.
The painting was purchased in 1995 by the London-based Andrew Lloyd Webber Art Foundation at auction at Sotheby’s for $29.1 million. It hopes to fetch between $50 million and $60 million at auction.
So What would Shlomo do?
It’s a Picasso. So King Solomon would cut it in cubes.
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