liebermann resituted gurlitt auction 301243

Max Liebermann's painting *Two Riders on a Beach* (1901), recently restituted to the Rosenburg family from the Cornelius Gurlitt hoard, will be auctioned at Sotheby's in London on June 24, with an estimated price of up to £500,000 ($850,000). The work is one of the first two artworks returned from the trove discovered in Gurlitt's Munich apartment in 2012; the other, Henri Matisse's *Woman with a Fan* (1932), was also handed back to the Rosenburg family last week.