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Case file s169 · European families · 1944
1944
Friedrich Gutmann: Friedrich Bernhard Eugen Gutmann met zoon Bernhard
Friedrich Gutmann. Atelier Merkelbach. Public domain, Wikimedia Commons.
Died
30 April 1944
Place
Theresienstadt · Czech Republic
Field
banking, art collecting · Business and finance on the timeline
Legal tradition
Dutch restitution policy; US federal court (N.D. Ill.) · Common law · Civil law
Historical event
German occupation of the Netherlands; the Holocaust
Religion
Friedrich Gutmann: Jewish (recorded as Jewish art collectors, Jewish bankers on Wikipedia)

Banker Fritz Gutmann was killed at Theresienstadt, and his heirs sued an American collector to get back his Degas

Fritz Gutmann was a son of Eugen Gutmann, co-founder of Dresdner Bank. He moved to the Netherlands after the First World War and became Dutch in 1924. At Huize Bosbeek in Heemstede he kept his own collection and administered his father's for its six heirs. In 1940 silver went to Göring. In 1941 and 1942 paintings and objects went to the dealers Böhler and Haberstock. The Gutmanns were arrested in 1943. Fritz was murdered at Theresienstadt and Louise at Auschwitz in 1944. Their children survived abroad. Degas's pastel Landscape with Smokestacks had been sent to a Paris dealer in 1939. In 1987 the Chicago collector Daniel Searle bought it for $850,000. The grandsons found it in 1995 and sued in 1996 in Goodman v. Searle. In August 1998, on the eve of trial, the sides agreed to split ownership. Searle gave his half to the Art Institute of Chicago, which bought the heirs' half at appraised value. Each side paid its own lawyers. On 25 March 2002 the Dutch state returned more than 200 objects. A Pietà followed in 2011. In 2012 the Restitutions Committee rejected claims to a Gubbio dish and to a De Wit grisaille, the second because the heirs sold Bosbeek on 29 December 1950. In February 2020 the Metropolitan Museum returned a silver cup. In 2026 the Degas hangs in the Art Institute of Chicago.

What the law took from it

A collection documented in published catalogues can be traced decades later, but each object must be fought for separately.

Record vs. record

New York's Department of Financial Services dates both deaths to 1944; the Geneva ArThemis case note dates Fritz's to 1943. ArThemis puts the heirs' Degas payment at about $500,000; Wikipedia, citing the Chicago Tribune, gives $243,750.

Sources
  1. Dutch Restitutions CommitteeGovernment record
  2. Dutch Restitutions CommitteeGovernment record
  3. Dutch Restitutions CommitteeGovernment record
  4. Dutch Restitutions CommitteeGovernment record
  5. dfs.ny.govGovernment record
  6. plone.unige.chPress
  7. Wikipedia (English)Encyclopedia

Cite as: celebrity.estate, “Banker Fritz Gutmann was killed at Theresienstadt, and his heirs sued an American collector to get back his Degas,” story s169, https://www.celebrity.estate/fritz-gutmann-1944, updated 30 October 2026.

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