More Nazi-looted art at auction

Not a record, but a very healthy price nonetheless:

A painting by Austrian expressionist Egon Schiele, missing for more than 60 years after it was stolen by the Nazis in 1938, has fetched £11.7m at auction.

The painting surfaced last year when an anonymous collector asked Christie's for a valuation.

It was returned to the family of its original owner, who sold it on Tuesday.

Posted by David on June 21, 2006 10:32 AM