New York, NY - Painting Looted By Nazis To Be Sold

New York, NY - Four of five oil paintings by Gustav Klimt that were the focus of a restitution battle between the Austrian government and the artworks' Jewish heirs will be heading to Christie's for sale this fall, according to the president of the auction house.
Christie's has not determined whether the works - three landscapes and a portrait worth an estimated $100 million - will be auctioned or sold privately.
The paintings are currently on display at the Neue Galerie, a New York museum of German and Austrian art.

The five Klimts were handed over by Austria in January to Maria Altmann of Los Angeles, Bloch-Bauer's niece, and other family members following a seven-year legal battle.
An arbitration court had ruled that they were improperly seized when the Nazis took over the country during World War II.