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$25 Million Modigliani Goes to Jewish Heir in Landmark Restitution Case

A New York Supreme Court judge has ruled that the estate of Jewish art dealer Oscar Stettiner is the rightful owner of Amedeo Modigliani’s 1918 painting "Seated Man With a Cane." The decision concludes an 11-year legal battle led by Stettiner’s grandson, Philippe Maestracci, against billionaire art dealer David Nahmad. The court found that the painting was unlawfully seized by the Nazis after Stettiner fled Paris in 1939 and that subsequent sales, including the 1996 purchase by Nahmad at Christie’s, did not extinguish the original owner's rights.

The Art World This Week: Nazi-Looted Modigliani Reclaimed, Kengo Kuma to Design National Gallery Wing, Seoul’s Centre Pompidou to Open in June, and More

The art world saw several major developments this week, headlined by a significant legal ruling regarding Amedeo Modigliani’s 'Seated Man with a Cane' (1918). A judge ruled against a holding company controlled by billionaire dealer David Nahmad, moving the Nazi-looted masterpiece closer to reclamation. Meanwhile, institutional expansions took center stage with Kengo Kuma being selected to design a new wing for London’s National Gallery, and the Centre Pompidou Hanwha in Seoul confirming a June 4 opening date.

After 11 Years in Court, Heir Reclaims a Modigliani Looted by the Nazis

A French court has ordered the restitution of a 1918 Amedeo Modigliani painting, "Seated Man with a Cane," to the heir of its original Jewish owner. The artwork was looted by the Nazis in 1944 and had been held for decades by a holding company controlled by billionaire art dealer David Nahmad, who purchased it at auction in 1996.

david nahmad denies modigliani nazi loot 517082

Art collector David Nahmad has publicly denied allegations that Amedeo Modigliani’s "Seated Man with a Cane" (1918) is Nazi-looted property. Following revelations from the Panama Papers that Nahmad is the true owner of the painting via the International Art Center, he defended his provenance, claiming the work sought by the heirs of Jewish art dealer Oscar Stettiner is a different painting entirely. Nahmad asserted that if the work is definitively proven to be looted, he will return it, but he currently maintains that the historical documentation regarding a 1944 sale at Drouot refers to a self-portrait, not the work in his possession.