A restituted Gothic painting of the Madonna and Child by 14th-century Italian painter Jacopo di Cione will head to auction in New York at the end of the month as part of a settlement agreement between the estate of its late owner and the heir to the work’s previous owner.
Sotheby’s will auction the di Cione painting, which comes from collection of Hester Diamond, the late New York art patron and interior designer who died last January, on January 29 as part of its Masters Week, in which the house offers a series of sales of Old Masters art and antiquities. The work is expected to fetch between $300,000–$500,000. The painting’s sale comes after a legal agreement was reached with the Diamond estate and heir of August Liebmann Mayer, a prominent German Jewish art historian and curator who was killed at Auschwitz in 1944.
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