Rare posters seized by Nazis net $2.5M at NYC saleJanuary 23, 2013 @ 6:43 pm
NEW YORK (AP) - A poster collection seized from a Jewish collector by the Nazis and only returned to his descendants in recent years has brought in approximately $2.5 million at a New York auction.
Born in 1881, Hans Sachs started collecting posters as a teen and became Germany's leading private collector with 12,500 posters. The Nazis seized the collection in 1938, and the posters were held behind the Iron Curtain in East Berlin.
His grandson Peter Sachs went through a legal battle for several years to get back what was left of the collection.
Just over 1,200 posters were sold by Guernsey's over the weekend in the first of three sales.
A poster called "Kunstsalon Aktuaryus" dating to around 1900 sold for $57,950.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Escape cold Seattle; go skiing at Crystal Mountain
Director Jeremy Scahill says Obama hasn't been fighting a clean war
Dollars Per Student
Washington spending per student is below the national average
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.