148 A.D.3d 184, 46 N.Y.S.3d 608, 2017 N.Y. Slip Op. 01168
The painting “Seated Man with a Cane” by Amedeo Modigliani (1918) was owned by Oscar Stettiner. Mr. Stettiner was a Jewish art collector who abruptly fled Paris during the Nazi invasion. His art collection was sold by the Nazis. The painting ended up in the possession of Mr. Van der Klip. In 1996, his family sold the painting to IAC, Inc. for 3.2 million dollars. The painting remained in storage until 2008 when it was placed for auction with Sotheby’s. There were no bids for the painting, and it remained in storage until April of 2016 when possession of the painting was taken by the Swiss authorities.