The Financial News

Latest / Hot Issue

Politics

World

Lifestyle

The Financial News

Latest / Hot Issue

Politics

World

Lifestyle

Sunday, July 6, 2025

Monet Masterpiece Looted by Nazis Returned to Family After 80 Years

Yonhap News

A masterpiece by Monet, looted by Nazi Germany during World War II, has been returned to the descendants of its original owner.

According to a CNN report on Wednesday, a rare work by French painter Claude Monet (1840-1926) was returned to its original owner’s descendants after more than 80 years.

The painting “Bord de Mer” (Seaside) is one of the Impressionist master Monet’s early works valued at approximately $500,000.

The original owners, Viennese Jews Adalbert “Bela” and Hilda Parlagi, purchased the painting in 1936. However, two years later, they fled the Nazi threat and entrusted all their belongings to a shipping company’s warehouse in Vienna.

They planned to either send the items to their new location or retrieve them later, but the German secret police confiscated everything in the warehouse. The painting was later sold through an auction led by a Nazi-affiliated art dealer, after which it disappeared.

The painting resurfaced in 2016 at an Impressionist exhibition in France. “Bord de Mer” was then sold to an antique dealer in New Orleans, Louisiana, and later passed to a couple in Washington state.

The couple put “Bord de Mer” up for auction in Houston, Texas. However, upon learning of its looted history, they agreed to turn the artwork over to the FBI last year.

The FBI then proceeded with returning “Bord de Mer” to the Parlagi family’s granddaughters, and the handover was finally completed on Wednesday.

The painting is not the only work looted by Nazi Germany that belonged to the Parlagi family. According to CNN, the family is still searching for the whereabouts of many other works, including a 1903 watercolor by French artist Paul Signac (1863-1935).

Hot this week

Tesla Sales Keep Slipping, But Stock Still Jumps Nearly 5%

Tesla's vehicle sales fell 13.5% year-on-year in Q2, with deliveries below market expectations, but stock surged nearly 5%.

S&P and Nasdaq Hit New Highs Ahead of July 4th Holiday

The New York stock market showed mixed results as the Dow dipped while the S&P 500 and Nasdaq hit record highs ahead of Independence Day.

Trump Rules Out Tariff Extension, Warns Japan Could Face 35% Rates

Trump announces no extension on tariff suspension, warns Japan tariffs could rise to 30-35% amid uncertain trade negotiations.

Oil Prices Rebound as Trump Plans to Refill U.S. Reserves

Oil prices rebound as Trump plans to replenish the Strategic Petroleum Reserve, boosting demand expectations amid positive economic indicators.

Nvidia Keeps Breaking Records—Is the $4 Trillion Club Next?

The New York stock market hits new highs, driven by AI stocks like Nvidia, while Tesla faces declines amid criticism of tax cuts.

Topics

Tesla Sales Keep Slipping, But Stock Still Jumps Nearly 5%

Tesla's vehicle sales fell 13.5% year-on-year in Q2, with deliveries below market expectations, but stock surged nearly 5%.

S&P and Nasdaq Hit New Highs Ahead of July 4th Holiday

The New York stock market showed mixed results as the Dow dipped while the S&P 500 and Nasdaq hit record highs ahead of Independence Day.

Trump Rules Out Tariff Extension, Warns Japan Could Face 35% Rates

Trump announces no extension on tariff suspension, warns Japan tariffs could rise to 30-35% amid uncertain trade negotiations.

Oil Prices Rebound as Trump Plans to Refill U.S. Reserves

Oil prices rebound as Trump plans to replenish the Strategic Petroleum Reserve, boosting demand expectations amid positive economic indicators.

Nvidia Keeps Breaking Records—Is the $4 Trillion Club Next?

The New York stock market hits new highs, driven by AI stocks like Nvidia, while Tesla faces declines amid criticism of tax cuts.

Trump’s Trade Wars Hit Hard: Dollar Sinks Over 10%

The U.S. dollar has dropped over 10% this year, raising concerns about its status as the primary reserve currency due to Trump's policies.

With 95% AI Accelerator Market Share, Nvidia’s Growth Story Isn’t Over

Nvidia's stock surges past $3.8 trillion market value, poised to become the first company to reach $4 trillion amid strong AI market dominance.

Trump’s Trade Tactics: Letters to All Nations on Tariffs

Trump plans to end the grace period for tariffs, sending letters outlining trade deficits and imposing tariffs on imports.

Related Articles