Zurich gallery reaches agreement with Jewish collector's heirs over Monet

The fine arts museum Kunsthaus Zürich will sell a painting by Claude Monet after reaching an agreement with the heirs of a Jewish collector who was forced to sell the work when he fled the Nazi regime. Do you want to read our weekly top stories? Subscribe here. Jewish industrialist and art collector Carl Sachs fled to Switzerland with his wife in 1939 and sold Monet's Man with a Parasol to the Swiss gallery a few weeks later. This was a predicament caused by persecution and “a short-notice sale was necessary to secure the couple’s subsistence”, according to a report based on research into the painting's provenance. + Nazi-looted art: Is the Kunsthaus Zurich a ‘tainted museum’? Due to these facts and the historic circumstance, the Zurich Art Society, which is sponsor and owner of the Kunsthaus Zürich collection, sought a dialogue with the family of Carl Sachs, who died in 1943. A “fair and equitable solution” was found on June 5, according to a press release on Wednesday. + Zurich ...