The Helly Nahmad Gallery in New York is not saying whether it is in possession of a famous and highly valuable 1918 painting by Amedeo Modigliani. Heirs to the original owner of the artwork, which was stolen and auctioned off by the Nazis in 1944, are suing Nahmad for its return or its “fair market value,” which is estimated to be between $18 million and $25 million.
Helly Nahmad is the son of Beirut-born billionaire art dealer David Nahmad.
According to The Daily Mail, Philippe Maestracci has filed papers with the U.S. District Court in Manhattan claiming that the painting, “Seated Man With a Cane,” was owned by his grandfather Oscar Stettiner, a prominent art gallery owner in Paris. Stettiner and his family fled to the south of France in advance of the Nazi occupation of Paris, leaving behind his property. The Nazis sold the painting, along with other “degenerate art” at auction in 1944, and since then it was impossible to trace due to inaccurate labeling.