Category: News about the Case

UPDATE—New York Court Awards Statutory Prejudgment Interest to Grünbaum Estate’s Heirs

For those who believe that one today is worth two tomorrows, prejudgment interest offers a significant judicial remedy.
In an unprecedented holding on July 12, 2021, the Commercial Division of the New York State Supreme Court, County of
New York, applied the prejudgment rule in favor of the rightful owners of two Egon Schiele paintings. In a case involving
family property, monetary interest can hardly compensate for time spent apart from a cherished heirloom. Still, the
court’s decision could bring heirs at least somewhat closer to recovering for the loss suffered.

German version below

20210813 - UPDATE—New York Court Awards Statutory Prejudgment Interest to Grünbaum Estate’s Heirs HHR Art Law_english
20210813 - UPDATE—New York Court Awards Statutory Prejudgment Interest to Grünbaum Estate’s Heirs HHR Art Law_german

 

In the News: In Nazi-Looted Art Case, Judge Rules Prejudgment Interest Owed by Wrongful Possessor Who Continued to Litigate

“This is a monumental sea change,” said Raymond Dowd, the lawyer for Jewish heirs, of the Manhattan Supreme Court-issued decision on prejudgment interest. “An art dealer or a museum refusing to stop now has a meaningful _financial downside,” he said, when they continue to litigate cases in which a trial court has already awarded possession of Nazi-looted art back to the family or heirs of a Jewish person who’d rightfully owned the artwork before Nazis took it away.

“Das ist eine dramatische Veränderung”, sagte Raymond Dowd, der Anwalt der jüdischen Erben, über die Entscheidung des Obersten Gerichtshofs von Manhattan zu den Vorfälligkeitszinsen. “Ein Kunsthändler oder ein Museum, das sich weigert, damit aufzuhören, hat jetzt einen bedeutenden finanziellen Nachteil”, sagte er, wenn sie weiterhin Fälle prozessieren, in denen ein Gericht den Besitz von NS-Raubkunst bereits der Familie oder den Erben einer jüdischen Person zugesprochen hat, die das Kunstwerk rechtmäßig besessen hatte, bevor die Nazis es wegnahmen.

In Nazi-Looted Art Case Judge Rules Prejudgment Interest Owed by Wrongful Possessor Who Continued to Litigate _ New York Law Journal_epdf
In Nazi-Looted Art Case Judge Rules Prejudgment Interest Owed by Wrongful Possessor Who Continued to Litigate _ New York Law Journal

Download the article also from: https://www.law.com/newyorklawjournal/2021/07/15/in-nazi-looted-art-case-judge-rules-prejudgment-interest-owed-by-wrongful-possessor-who-continued-to-litigate/

UPDATE – Dispute over Ownership of Nazi Victim’s Art Turns to Pre-judgment Interest

Following the New York Appellate Division’s affirmance of the New York State Supreme Court’s decision in Reif v. Nagy ordering the turnover of two works of art transferred under duress, if not stolen, following the Nazi takeover of Austria to the heirs of their original Jewish owner, Fritz Grünbaum,[1] the dispute has turned to the increasingly significant issue of pre-judgment interest.

20210115 UPDATE – Dispute over Ownership of Nazi Victim’s Art Turns to Pre-judgment Interest _ HHR Art Law

 

Finden Sie hier die deutsche Übersetzung:

20210115 - Update Blog

In the News: Dissecting the HEAR Act

“For years, now, Grünbaum’s heirs have fought to bring home works that were once part of his collection; however, they have faced a lot of push back and failure in the process. In 2005, an attempt to restitute Seated Woman With Bent Left Leg (Torso) by Schiele was thwarted when the court deemed that too much time had passed for Grünbaum’s heirs to lay claim to it. In 2015, Grünbaum’s heirs began the process of seeking the return of Schiele’s Woman in a Black Pinafore (1911) and Woman Hiding her Face (1912). Thanks to the HEAR Act, the case was heard and, in his ruling, Judge Ramos stated: ‘The HEAR Act compels us to help return Nazi-looted art to its heirs […] the gut-wrenching process by which Mr. Grünbaum’s property was looted.’”

Read the whole article here: https://www.lootedart.com/U28K6F947771

NY Appeals Court Explains Why Nazi-Stolen Paintings Belong With Gruenbaum’s Heirs

In a deeply researched opinion that it appears could embolden legal efforts by Jewish heirs to reclaim Nazi-stolen art worldwide, a state appeals court Tuesday ruled that two highly valued early 20th century paintings looted by the Nazis belong to the heirs of the Austrian Jewish entertainer who first collected them.

https://www.law.com/newyorklawjournal/2019/07/09/ny-appeals-court-explains-why-nazi-stolen-paintings-belong-with-jewish-collectors-heirs/

NY Appeals Court Explains Why Nazi-Stolen Paintings Belong With Jewish Collector's Heirs _ New York Law Journal

Descendants of Holocaust victim win monumental Nazi-looted art case

Two Schiele paintings will be returned to the heirs of Fritz Grunbaum, a holocaust victim and broadway star of his time

NEW YORK, NY – Today, in a landmark decision by Justice Charles E. Ramos, the heirs of Holocaust victim Fritz Grunbaum were awarded title to two Nazi-looted artworks, Woman in a Black Pinafore and Woman Hiding her Face, by the artist Egon Schiele. The case, Reif vs. Nagy, has been winding its way through the courts since November 2015 when attorney Raymond Dowd requested the artworks be returned to Grunbaum’s heirs, including Timothy Reif,  after they were discovered in Mr. Nagy’s booth at the Salon Art + Design Show at the Park Avenue Armory in New York City.

“This is an important victory in what is probably the most important art case of the late 20th century,” said Attorney Raymond Dowd, partner at Dunnington, Bartholow, & Miller LLP. “It is a victory for Holocaust victims, their families, and all those who fought and died to undo the evils of Nazism. This decision brought us a step closer to recovering all of the culture that was stolen during the largest mass-theft in history which, until now, has been overshadowed by history’s largest mass-murder.”

Fritz Grünbaum, an Austrian-Jewish songwriter, director, actor, and master of ceremonies who openly mocked Hitler, performed musicals and plays for his fellow prisoners in the Dachau concentration camp until 1941, when he died penniless in captivity. His extensive collection, totaling 450 pieces, 80 of which were Schiele artworks, was looted in its entirety by Nazi agents in 1938. The two Schiele paintings in question have been housed in a fine art storage facility in Queens, NY since court proceedings began in 2015.

“Today, my family has regained a part of its history that was stolen by the Nazi Regime. We are overjoyed and thankful that Justice Ramos has helped us protect the legacy of Fritz Grunbaum, who was a performer of exceptional courage and talent, and realized the moral and legal importance of returning Nazi-looted art to its rightful heirs,” said Timothy Reif, executor and heir to the Grunbaum estate. “These paintings help us remember and honor the lives of those we love and help us preserve Jewish culture that the Nazi’s tried so hard to destroy.”

Despite defendant Richard Nagy’s best efforts to argue that the case fell outside of the statute of limitations that one can claim stolen art, and that the HEAR Act did not apply to this case, Judge Ramos adamantly disagreed. Justice Ramos explains in the decision, “Although defendants argue that the HEAR Act is inapplicable, this argument is absurd, as the act is intended to apply to cases precisely like this one, where Nazi-looted art is at issue. Since plaintiffs discovered the Artworks in November of 2015, their action is timely under the HEAR Act.”

Grunbaum’s art collection grabbed international headlines in 1998 when New York District Attorney Robert Morgenthau seized Egon Schiele’s Dead City from New York’s Museum of Modern Art.  The Morgenthau seizure made Grunbaum’s estate a cause celebre leading to changes in the way Austria and other European countries process claims involving art looted from Holocaust victims. Justice Ramos’ decision has ended a controversy that has raged since the 1998 Morgenthau seizure and provided justice for Holocaust victims and their heirs.

Full decision attached.

161799_2015_Timothy_Reif_et_al_v_Richard_Nagy_et_al_DECISION___ORDER_ON_288

 

Press Clipping: Legal battle over Schiele works owned by Jewish entertainer who died in Dachau

His heirs’ attempts to recover them will be framed by President Obama’s Holocaust Act

by David D’Arcy  |  6 April 2017

A dispute in New York over two watercolours by Egon Schiele will revisit the tragic life of their owner in the 1930s, Fritz Grünbaum, a popular Jewish entertainer in Vienna who died a Nazi prisoner in Dachau.

Some also see the case as an early assessment of the Holocaust Expropriated Art Recovery (HEAR) Act, which regularised a federal statute of limitations of six years, beginning with the discovery of an object, during which claims can be made for the recovery of Nazi loot in the US. The statute affirms a US interest in the restitution of art stolen during the Nazi era.

 

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