Nixon Peabody client Richard Nagy, a London art dealer, did not act improperly in acquiring two drawings by renowned artist Egon Schiele or offering them for public sale, according to a decision by the New York State Supreme Court Appellate Division, First Department.
Thaddeus Stauber, representing Mr. Nagy, argued that the artworks, Woman in a Black Pinafore (1911) and Woman Hiding Her Face (1912) were acquired “in good faith and in a commercially reasonable manner” following several findings that artworks with a similar relevant provenance had not been stolen by the Nazis as the heirs of Franz Friedrich “Fritz” Grünbaum claimed.
The Nixon Peabody team consists of Nixon Peabody partners Thaddeus Stauber (Picture) and Kristin Jamberdino.
Law Firms: Nixon Peabody LLP;
Clients: Richard Nagy;