Ronald Lauder reaches deal with Jewish heirs for Klimt painting lost under Nazis – Jewish philanthropist will retain renowned Austrian artist’s piece after reaching agreement with family who said it went missing amid Nazi persecution in pre-war Europe | Timesofisrael

Prominent Jewish philanthropist Ronald S. Lauder will retain a painting by the renowned artist Gustav Klimt after reaching a restitution deal with the heirs of a Jewish woman who said the artwork went missing amid Nazi persecution in pre-war Europe.
Lauder and the heirs of Irene Beran worked out a “mutual restitution agreement” regarding “The Black Feather Hat,” a 1910 piece by the Austrian artist Gustav Klimt, Lauder said in a Friday statement.