Austrian museum to sell Schiele after Nazi legal battle

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An Austrian museum is to sell a prized Egon Schiele painting to cover the $19m (£11.5m) cost of recovering another of the artist's works.

The Leopold Museum says proceeds of the 1914 Houses with Colourful Laundry (Suburb II) will pay the loan it took out to recover Portrait of Wally.

The museum paid the money to a Jewish art dealer's estate as the painting had been stolen from her by the Nazis.

The settlement last year ended a 12-year-long US legal battle.

The museum, in Vienna, has always insisted it acquired the painting in good faith from legitimate postwar owners. ...

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