A Jewish couple trying to flee the Nazis sold one of their most valuable possessions, a Pablo Picasso painting, to help them escape the Holocaust — and now their heirs want the painting back.
The heirs of Karl and Rosi Adler, who sold the painting for $1,552 to an art dealer in 1938, filed a lawsuit against the Solomon R. Guggenheim Foundation to reclaim the 1904 painting Woman Ironing. The painting is now worth up to $200 million.
But by 1933, the Nazi regime began targeting Jewish people to seize their financial assets, prompting Adler to sell the Picasso piece to raise money for him and his wife to escape. A year later, in 1937, the Nazis began stripping Jewish people of their employment, prompting the Adler family to flee Germany in June 1938. They were then forced to pay “flight taxes” and short-term visas as they bounced around Europe, according to the lawsuit.
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