The City of Amsterdam and the Heirs of Kazimir Malevich reach an amicable settlement regarding the Malevich collection in Amsterdam
April 24, 2008 -- Herrick, Feinstein LLP
New York, NY (April 24, 2008) -- When the Stedelijk Museum exhibited fourteen works of Malevich in the United States of America in 2003-2004, the Heirs of Malevich claimed ownership of them before a United States Court. The amicable settlement that has been reached concerns not only the fourteen works that were the subject of the US action, but covers the entire group of Malevich works in the City's collection. Pursuant to the settlement, the artist's descendants will receive five important paintings from the City's collection, the remaining works in the collection will remain with the City, and the Heirs' U.S. action will be permanently withdrawn.