Sotheby’s today announces that an exceptional work by Max Liebermann, discovered among the trove of art secreted away for decades by Cornelius Gurlitt will be sold by the heirs of the painting’s original owner following its successful restitution. Zwei Reiter am Strand nach links (Two Riders on a Beach) of 1901, one of Max Liebermann’s first large-scale oils of horses and riders, is estimated to fetch £350,000 – 550,000 / €480,000 – 750,000 / $540,000 – 850,000 when offered for sale in Sotheby’s London June 24th Impressionist & Modern Art Evening Sale. Two Riders on a Beach was first shown in public in 1901, the year it was painted, following which it was acquired by David Friedmann (1857-1942) of Breslau, a passionate art collector and a prominent figure in society at the time. Friedmann is known to have owned at least two works by Max Liebermann, in addition to

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