The Allentown Art Museum agreed to give up Portrait of George the Bearded, Duke of Saxony, reaching a settlement with descendants of the Bromberg family, who fled the Nazis.
This work entered the market because Henry Bromberg had to flee persecution from Nazi Germany; that moral imperative compelled us to act, said museum president Max Weintraub.
The proceeds from the sale of the portrait at Christie's will be divided between the museum and the Bromberg heirs, details of the arrangement remain undisclosed.
Henry Bromberg, who had inherited the portrait, and his wife sold artworks as they left Europe in the face of Nazi persecution, eventually settling in Pennsylvania.
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