The heirs of a Jewish family that fled Nazi persecution are demanding the repatriation of a Pablo Picasso painting they once owned now in possession of the Solomon R. Guggenheim Museum, which the family says is worth up to $200 million today.
The descendants of Karl Adler and Rosi Jacobi, backed by several Jewish charities,against the Guggenheim in Manhattan Supreme Court on Jan. 20, demanding the return of Picasso’s “Woman Ironing,” a 1904 work from the artist’s Blue Period, and restitution for the painting’s present estimated value of $100-200 million.
That all changed when the Nazis came to power in 1933 and quickly began a mass antisemitic persecution, looting their businesses, consigning them to overcrowded ghettos, and eventually exterminating 6 million Jews. And so, in October, Adler sold “Woman Ironing” to Thannhauser’s son, Justin, for a measly $1,552, about $33,000 in 2022 dollars. That “far below market value and less than one ninth of his asking price in 1932,” according to the suit.
As assets were violently stripped of Adler and other Jews, Thannhauser quickly sought to flip the painting while hiding the shady provenance of its acquisition. In 1939, he loaned the masterpiece to the Stedelijk Museum in Amsterdam and later New York’s Museum of Modern Art; MOMA insured the painting for $25,000, sixteen times what Thannhauser paid Adler for it.
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