This photo taken on 20 July 1987 shows “Sunflower” by Dutch artist Vincent van Gogh being displayed upon its arrival at the Yasuda Fire and Marine Insurance headquarters in Tokyo. As Emperor Akihito prepares to step aside at the end of April 2019 and make way for his son Crown Prince Naruhito, the boom time excesses of the 1980s have long gone, replaced by lingering worry about stagnation in the world’s third-largest economy/JIJI PRESS/AFP.

TOKYO, JAPAN — A Japanese company has defended its ownership of Van Gogh’s “Sunflowers”, obtained at auction in 1987 after the family of its former owner filed a US lawsuit demanding its return.

The artwork — one of five original versions of the famous still life — was purchased by the predecessor of insurance firm Sompo Holdings at Christie’s in London for $40 million, making it briefly the world’s most expensive painting.

It has been on display in Tokyo at Sompo’s art museum for 35 years, but recently became the subject of a legal battle centred on a previous sale in Germany prior to World War II.

The family of the painting’s former owner, Jewish banker Paul von Mendelsohn-Bartholdy, filed a lawsuit in Illinois last month demanding the return of the artwork and hundreds of millions of dollars in damages.

They say Sompo’s predecessor, Yasuda Fire & Marine Insurance, acquired the painting “in reckless disregard of its provenance, including Mendelssohn-Bartholdy’s forced sale of the painting in Nazi Germany in 1934”.

“Sompo Holdings wrongfully has employed the Painting to reap billions of dollars of unjust enrichment through a sophisticated branding strategy,” the lawsuit said.

“Defendants have commercially exploited as a corporate emblem what they long have all but known was a Nazi-tainted artwork.”

But Sompo Holdings defended its ownership of the painting in a statement to AFP on Tuesday, saying it “categorically rejects the complaint’s allegations of wrongdoing”.

The company “intends to vigorously defend its ownership rights in ‘Sunflowers'”, Sompo added.

It is not the only artwork that the heirs want returned.

They have filed similar lawsuits elsewhere, and in 2020, the National Gallery of Art in Washington DC returned a Picasso drawing to the family.

At the height of Japan’s bubble economy in the 1980s and 90s, rich business people rushed to buy paintings as investments.

Paper tycoon Ryoei Saito also bought a Van Gogh — “Portrait of Dr Gachet” — in 1990 for $82.5 million.

Saito famously sparked outrage when he said he would have his expensive canvases put in his coffin and cremated with him when he died. He later recanted.

— AFP

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
You May Also Like

Singapore economy grows more than expected in 2022

SINGAPORE, SINGAPORE — Singapore’s economy grew more than expected last year but…

Thai election commission ratifies vote results

Thailand’s pro-democracy opposition wins, Move Forward Party becomes largest group, with leader Pita Limjaroenrat as potential prime minister.

UN special envoy for Myanmar to step down: UN chief spokesman

The United Nations’ special envoy for Myanmar, Noeleen Heyzer, will be stepping down in June after an 18-month tenure marked by criticism from both the military junta and its opponents. The crisis in Myanmar, which began when the military seized power in February 2021, continues to escalate despite diplomatic efforts led by the UN and ASEAN. Heyzer’s departure comes as the search for a resolution and lasting peace in the country remains elusive.

Toy Factory Productions presents a digital theatre presentation ‘Still Sailing’

Toy Factory Productions Ltd is eager to launch its first-ever digital theatre…