Montreal man to split proceeds with current owner

Gustav Klimt’s Kirche in Cassone (Church in Cassone) went for $45.4 million in an auction in London on Wednesday, and part of the proceeds are to go to the Montreal heir to the Nazi-looted work.

Georges Jorisch, born in Vienna in 1928 and now a retired camera shop manager, is to get a share of the proceeds as part of a settlement with the current owner.

Sotheby’s estimated the painting could go for $19 million to $29 million Cdn, but lively bidding on the work pushed it above the record price for a Klimt landscape.

A Giacometti sculpture sold for a record price at the same auction. Picasso painting T