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Germany returns 16th-century sculpture to heirs of Jewish owner
BERLIN (JTA) — A federal German cultural organization has returned a 16th-century sculpture to the heirs of its pre-war Jewish owner who faced Nazi persecution.
The Berlin-based Prussian Cultural Heritage Foundation, or SPK (for Stiftung Preussischer Kulturbesitz), announced today that the “Maria Lactans” statuette depicting Mary nursing an infant Jesus would be given back to the family of German Jewish banker and entrepreneur Jakob Goldschmidt, who fled Nazi Germany soon after Hitler came to power.
Even in exile, Goldschmidt was persecuted by the Nazis, who confiscated his citizenship and the property he had left behind, the foundation noted.
“There is no doubt that Jakob Goldschmidt was a victim of individual persecution at the very beginning of the Nazi era,” SPK President Hermann Parzinger said in announcing the restitution on Tuesday.
According to the Washington Conference Principles on Nazi-Confiscated Art, an agreement on Holocaust era assets negotiated between Germany and the United States in 1998, works of art must be returned to their rightful owners or heirs upon proof that they were confiscated by the Nazis or sold under duress.
Speaking for the heirs, Berlin-based attorney Sabine Rudolph said they were grateful that the foundation had recognized the “special circumstances of this complex case and acknowledged it in the appropriate manner.” In a 2020 article about the case, Rudolph had argued that “no other Jewish banker was subjected to such malicious anti-Semitic hostility as Jakob Goldschmidt.”
Jakob Goldschmidt (1882-1955) was a prominent businessman in the interwar period in Germany and was targeted by the Nazis early on in their rise. He fled to Switzerland in April 1933, soon after Hitler came to power, and emigrated to New York in 1936. Four years later, the German government stripped him of his citizenship in absentia and then confiscated his remaining assets in Germany.
Goldschmidt had amassed an extensive art collection after World War I. After emigrating, he was able to export some objects via the Netherlands, but much of the collection remained in Berlin as security for loans and was sold at various auctions. The “Maria Lactans” statuette — attributed only to Circle of the Master of the Biberach Holy Clan — had been in Goldschmidt’s Berlin home, along with numerous other Renaissance works. When the house was sold in July 1933, three months after his departure, the artworks were taken to his office.
On June 23, 1936, around 300 works from the collection, including the “Maria Lactans” statuette, were sold off anonymously at the Hugo Helbing auction house. Art dealer Johannes Hinrichsen bought the statuette for 8,000 Reichsmarks and sold it to the Berlin State Museums that same year. The Berlin museum complex loaned it to the Ulm Museum in 1993.
According to the Prussian foundation, which oversees more than 20 museums and other cultural institutions in the Berlin area, the 1936 auction qualifies as a persecution-related property loss under the Washington Principles.
Deidre Berger, chair of the board of the Berlin-based Jewish Digital Cultural Recovery Project, called the restitution “an encouraging development. It is based on growing recognition by public institutions of the injustice of forced sales or sales under duress by Jewish families forced into financial ruin by Nazi antisemitic policies.”
The JDCRP was founded in 2019 by the Claims Conference and the New York-based Commission for Art Recovery to research and document the history of Nazi-era looted art and create a central database.
“In the 1950s, German courts continued to use antisemitic arguments to deny attempts by the Goldschmidt family to retrieve at least part of their collection, by claiming that the Jewish banker contributed to German financial problems,” Berger added. Focusing on such cases brings “overdue public attention to the long-neglected chapter of the vast amounts of cultural plunder by the Nazis and their allies.”
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Dollar Struggles to Rebound as Fragile US-Iran Ceasefire Keeps Markets Wary
U.S. $100 bills. Photo: Wikimedia Commons.
A fragile calm reigned across currency markets on Thursday as traders kept their eyes fixed on whether the ceasefire between the US and Iran would hold, a day after its announcement sent the dollar tumbling across the board.
The deal appeared to be on thin ice, as Israel bombed more targets in Lebanon, and there was no sign Iran had lifted its blockade of the Strait of Hormuz, which has caused the worst disruption to global energy supplies in history.
Iranian negotiators were expected to set off later on Thursday for Pakistan for the first peace talks of the war, but Tehran said there would be no deal as long as Israel was striking Lebanon.
President Donald Trump said all US ships, aircraft, and military personnel would stay in place in and around Iran until it fully complied with a deal.
The uncertainty left currency markets on edge.
The euro was up 0.17 percent at $1.1683. It had gained 0.6 percent on Wednesday, but retreated late in the day having touched a one-month high of $1.1721 earlier in the session.
Sterling similarly was 0.21 percent higher at $1.342, after gaining 0.77 percent on Wednesday, but retreating from as high as $1.348.
Meanwhile, the Japanese yen lost some ground, with the dollar up 0.3 percent at 159.055 yen, having briefly dropped below 158 on Wednesday.
With the Strait of Hormuz closed, “the entire ceasefire remains tenuous,” said Derek Halpenny, head of research global markets EMEA at MUFG. But, he added, “while the US dollar has rebounded, the moves in general have been modest.”
He said the fact that further talks scheduled in Pakistan were still going ahead was keeping any retracement of Wednesday’s moves in check.
Elsewhere, new personal spending data released on Thursday showed that US inflation increased as expected in February and likely rose further in March amid the war with Iran, a trend that is expected to discourage the Federal Reserve from cutting interest rates for a while.
The personal consumption expenditures price index climbed 0.4% after an unrevised 0.3 gain in January, the Commerce Department’s Bureau of Economic Analysis said on Thursday.
Japan’s consumer confidence worsened in March for the first time in three months, a government survey showed on Thursday, adding to a recent string of data pointing to the potential economic hit from the Middle East war, which would complicate the Bank of Japan’s rate-hike decision. The yen showed little reaction to the data.
Speaking in parliament, BOJ Governor Kazuo Ueda said real interest rates were clearly negative and were keeping the country’s financial conditions accommodative.
Other currencies were also broadly steady. The Australian dollar was 0.15 percent higher at $0.7054, while the New Zealand dollar was 0.46 percent higher at $0.585. In cryptocurrencies, bitcoin was last down 0.97 percent at $70,680.
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Opposition Leader Lapid Calls the Ceasefire with Iran a ‘Political Disaster’
FILE PHOTO: Israeli opposition leader Yair Lapid delivers a statement at the Knesset, Israel’s parliament,, in Jerusalem, February 13, 2023. REUTERS/Amir Cohen/File Photo
i24 News – Israeli opposition leader Yair Lapid on Wednesday launched a sharp attack on the ceasefire agreement reached between the United States and Iran, calling it a “political disaster” and directly blaming Prime Minister Benjamin Netanyahu.
In a post on X, Lapid said the agreement sidelined Israel from critical decisions affecting its national security. “Never in our entire history have we experienced such a diplomatic disaster,” he wrote, adding that “Israel wasn’t even at the table when decisions were made regarding the core of our security.”
Lapid accused Netanyahu of failing to translate military achievements into strategic gains, despite praising the performance of the Israeli military and the resilience of the public during the conflict. “The army has accomplished everything that was asked of it, and the citizens have shown remarkable strength,” he said.
However, he argued that those efforts were not matched by political leadership. “Netanyahu has failed politically, failed strategically, and has not achieved any of the goals he set for himself,” Lapid added.
The opposition leader also warned of long-term consequences stemming from the agreement, saying the fallout could take years to repair. He criticized the government’s handling of the crisis, citing what he described as “arrogance, negligence, and a lack of strategic vision.”
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A Toll for Using Hormuz Would Be a ‘Dangerous Precedent’, UN’s Ship Agency Says
A map showing the Strait of Hormuz is seen in this illustration taken June 22, 2025. Photo: REUTERS/Dado Ruvic/Illustration
Imposing a toll on ships sailing through the critical Strait of Hormuz would “set a dangerous precedent” and countries should not impede freedom of navigation, the UN’s shipping agency said on Thursday.
Iranian officials have raised the idea of charging a toll for using the Strait after a two-week ceasefire between the United States and Tehran was agreed this week.
“There is no international agreement where tolls can be introduced for transiting international straits. Any such toll will set a dangerous precedent,” a spokesperson with the UN’s International Maritime Organization said.
IMO countries adopted the UN Convention on the Law of the Seas, or UNCLOS, which outlines the rules that govern straits used for international navigation.
“According to UNCLOS, ships enjoy the right of transit passage through international straits. States bordering straits shall not hamper that right or suspend the transit passage,” the IMO spokesperson said.