LEOPOLD MUSEUM SELLS ONE SCHIELE TO KEEP ANOTHER

Vienna’s Leopold Museum, according to the New York Times’ Carol Vogel, will be selling Häuser Mit Bunter Wäsche (Vorstadt II), or Houses With Colorful Laundry (Suburb II), a 1914 work by Egon Schiele, estimated at $36 million to $50 million. The sale will be used to fund a settlement with the heirs to Portrait of Wally, another piece by Schiele, which was seized by Nazis and ended up in the Leopold Museum’s collections. The museum has agreed to pay the heirs $19 million in order to keep the work.