Art stolen by Nazis has a homecoming in L.A.
CNBC VIDEO |
Family reunited with art stolen by Nazis The story of Gustav Klimt masterpieces on display in Los Angeles is a complex saga of wartime loss and postwar perseverance. CNBC’s Jennifer London reports. CNBC |
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When Nazi Germany annexed Austria in 1938, a wave of anti-Semitism was unleashed. Ferdinand Bloch-Bauer escaped to neighboring Switzerland, leaving behind most of his property, including the Klimt paintings. They were immediately confiscated.
"They stole those paintings from my uncle,” Altmann said emphatically. "Trucks drove up in front of my uncle's house and robbed him of all his possessions."
At the same time, Altmann, just 22 at the time, had to face the horror of having her husband, Fritz Altmann, arrested by the Nazis and sent to the Dachau concentration camp. However, with help from her brother-in-law, she managed to free her husband and they both fled first to England, and then to the United States. The couple eventually made their way to Los Angeles, where they made a new life with their four children.
As the war ended, Ferdinand Bloch-Bauer died in Zurich, Switzerland, almost penniless. In his last will, which revoked all previous ones, he left all his possessions to the three children of his brother. This was Altmann and her brother and sister; he had no children of his own.
Meanwhile in Austria, a Nazi attorney had liquidated Bloch-Bauer’s holdings, giving the "gold" portrait and other Klimts to the Austrian Gallery in Vienna. In fact, the "Heil Hitler" slogan appears above the lawyer’s signature on the 1941 documents.
Again, times change
After the war, Ferdinand Bloch-Bauer’s heirs attempted to recover their stolen possessions. They made some progress, but the Klimts were considered untouchable because the government claimed that Adele bequeathed the paintings to Austria in her 1923 will.
The situation remained unchanged for years — until 1998, when Hubertus Czernin, an Austrian journalist, wrote a series of articles disputing the Austrian claim to the Klimts.
Altmann, as the only surviving heir of the Bloch-Bauers, decided to sue to recover the paintings. Her attorney, Randol Schoenberg, is also the grandson of famous Jewish Viennese composers Arnold Schoenberg and Eric Zeisl. And, like Altmann, his family had fled Vienna during the war and sought refuge in Los Angeles.
In 2000 Schoenberg began a long legal battle on Altmann’s behalf that went all the way to the U.S. Supreme Court. Eventually, in 2004, he won the right to sue Austria.
But with Altmann not far from her 10th decade, Schoenberg agreed to enter into binding arbitration in Austria rather than pursue another lengthy lawsuit. "It was a huge gamble," said Schoenberg. “But it paid off."
The panel of three Austrian judges decided in January of this year that the paintings belonged to Altmann and the descendants of her siblings, not to the Austrian Gallery.
Dream come true
“It was a wish come true, said Altmann. “I could not imagine that three Austrian arbitrators would be so fabulously just.”
At the exhibit opening, Altmann, standing next to the gold portrait of her aunt, glowed as she accepted congratulations and gave many interviews. Allowing for the temporary exhibition of the paintings at the LACMA, she said, was her way of saying thanks to the city that welcomed her when she fled the Nazis.
As for what will be the final destination of the Klimts once the temporary exhibition ends on June 30, Altmann says that is still to be decided in conjunction with the other heirs. She says she would prefer that they go to a museum so the public can continue to enjoy the masterpieces.
Auction houses, meanwhile, are salivating at the prospect of representing the Bloch-Bauer heirs — paintings of this quality hardly ever go on the market and some experts estimate the value of the five Klimts at $300 million.
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