Argentine court clears return of Nazi-looted portrait worth $400k
A portrait looted from a Jewish art dealer in WWII will be given back to the owner's heir, after a deal where the daughter of a fugitive Nazi official agreed to drop her claim.
An 18th-century Italian portrait, looted by Nazis from Dutch Jewish art dealer Jacques Goudstikker during World War II, is set to be returned to his heir after a Buenos Aires court approved a deal. The painting, titled "Portrait of a Lady" by Giuseppe Ghislandi, had been missing for eight decades until it was discovered in the home of Patricia Kadgien, daughter of a former Nazi official.
Kadgien's father, Friedrich Kadgien, was a financier for the Nazi SS paramilitary organization and fled to Argentina after the war. The painting, valued at around $400,000, was authenticated by experts and will be exhibited in Argentina for at least a year to raise awareness of the Goudstikker story. The family plans to donate approximately $4,444 to local hospitals.
The Nazi-looted artwork will be returned to Marei von Saher, the sole heir of Goudstikker's daughter, upon agreement from all parties involved.
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