$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 Nahmad family ordered to return a Nazi-looted Modigliani, valued at 21.5 million euros, to a French farmer

La famille Nahmad sommée de restituer à un agriculteur français un Modigliani spolié par les nazis, estimé à 21,5 millions d’euros

The New York State Supreme Court has ordered the restitution of Amedeo Modigliani’s 1918 painting, 'Seated Man (with a Cane)', to Philippe Maestracci, the grandson of Jewish art dealer Oscar Stettiner. The artwork, valued at approximately €21.5 million, was looted from Stettiner’s Paris gallery by the Nazis in 1944. Despite a 1946 court ruling in Stettiner's favor, the painting remained hidden for decades before being acquired in 1996 by the billionaire Nahmad family through an offshore entity.

nahmad lawsuit nazi looted modigliani 372020

The estate of Jewish art dealer Oscar Stettiner has filed a new lawsuit in the New York State Supreme Court against the Nahmad family, seeking the restitution of Amedeo Modigliani’s 1918 painting "Seated Man With a Cane." The suit alleges that the $25 million portrait was looted by the Nazis in Paris and is currently held by the International Art Center, which the plaintiffs claim is a shell company controlled by the Nahmads. This legal action follows a 2012 dismissal of a similar claim by Stettiner’s grandson, Philippe Maestracci, due to a lack of standing.