Leopold settles with heir over Schiele painting


(JTA) — The Leopold Museum has agreed to settle with an heir of an Austrian Jewish art collector for her share in a valuable painting.

The Vienna museum will pay $5 million to the granddaughter of Austrian Jewish art collector Jenny Steiner for her one-third share in the 1914 painting "Houses by the Sea" by Austrian painter Egon Schiele. The painting was looted by the Nazis during the Holocaust.

Steiner left Austria after it was annexed by the Nazis in 1938 and settled in the United States. The painting was purchased in 1955 by Rudolf Leopold, who founded the museum.

Though the museum settled with Steiner’s granddaughter, bodies that hold the stakes of Steiner’s other heirs have not settled.

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