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Timeline:Painted in 1917 by Egon Schiele and sold to Lea Bondi
Bondi flees the Nazis to London after entrusting the painting
to Nazi party member Friedrich Welz in 1937
WW2 ends and US army confiscates Welz’s art collection
Given to the Belvedere, a public Austrian gallery
Sold to Rudolph Leopold in 1957
Put on exhibition at MoMA in 1997
US v. Portrait of Wally
By Kendall Richey
Case filed with US District Court in 1999
Case settled for $19 million in 2009
Why the case is important: It brought together the interests of all the major art museums in
the world and put into question the legitimacy of many of the
practices in the art world. It completely overhauled what many
thought to be set and finite jurisdiction on cultural property law
cases.
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