German Group Appeals Decision To Allow Lawsuit Over Nazi Art Theft...
ISTANBUL, March 8 (Reuters) - Turkish Prime Minister Ahmet Davutoglu met central bank governor Erdem Basci and senior economy officials late on Saturday following his arrival back from New York to discuss the lira's weakness, sources at the premier's office said.
A U.S. federal judge last month agreed to hear claims from the heirs of three Jewish art dealers who say the Nazis terrorised their families in 1935 into selling the collection at just 35 percent of its market value.
He said SPK had returned more than 350 works of art, including a van Gogh drawing and a painting by Caspar David Friedrich, and more than 1,000 books from its collections in response to over 50 restitution claims since 1999.
The show of paintings collected by the wife of Iran's late shah, featuring masterpieces by Pablo Picasso, Joan Miro and Andy Warhol, had been billed as a symbol of a diplomatic thaw since Iran's nuclear deal with western powers.
"Developments in domestic and foreign markets over the past couple of weeks have been discussed in the light of the prime minister's assessments based on his impressions of meetings with foreign investors during his New York visit," one of the sources said on Sunday.
The Prussian Cultural Foundation (SPK) said the claim, which seeks the return of the Welfenschatz collection including centuries-old busts of saints and golden crucifixes, was without merit and did not involve a forced sale due to Nazi persecution.
But controversy flared after the Tehran museum chief this year handed out an award for a Holocaust cartoon, and the loan project was reportedly further complicated by fears in the Islamic republic about legal claims if the pictures travel abroad.
The Turkish lira hit a record low of 2.6470 to the dollar on Friday, following a week of losses, weighed on by demands from Erdogan that the bank should cut interest rates more sharply. At one point he said anyone who defended high rates was guilty of "treason".
Davutoglu, Deputy Prime Minister Ali Babacan and finance minister Mehmet Simsek met fund managers and bankers in New York last week in an attempt to allay concerns about the central bank's independence, fuelled by President Tayyip Erdogan's criticism of the bank and its policies.
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"SPK's long-standing practice shows that we are committed to the fair and just resolution of legitimate claims to Nazi-confiscated art, consistent with the Washington Conference Principles - this has not changed," Parzinger said in a statement.
Jackson Pollock's "Mural on Indian Red Ground," pictured on November 20, 2015 at Tehran's Museum of Contemporary Art, may be part of a collection assembled under the former shah of Iran that will be displayed in Berlin ©Atta Kenare (AFP/File)
Turkish officials dismiss suggestions that the crackdown is too heavy-handed, pointing out that never in Turkey's history have its own warplanes been used to bomb parliament as they were during the abortive coup, and that many of the more than 240 people killed were civilians.
Davutoglu met on Saturday night with Basci, Vahdettin Ertas, the head of Turkey's capital markets board (SPK) and Cavit Dagdas, acting undersecretary at the Treasury at the prime minister's office along with Babacan. (Reporting by Humeyra Pamuk; Editing by Greg Mahlich)
The Prussian Cultural Heritage Foundation (SPK), which manages Berlin's main museums, said Iran's refusal to issue the necessary paperwork forced it to cancel the exhibition that had been agreed with the Tehran Museum of Contemporary Art.
The Capital Markets Board (SPK), which reports to Canikli, cancelled the licence of Mert Ulker, head of research at brokerage AK Investment, over his report on the impact of the coup, saying he had not "fulfilled his responsibilities".
In November last year the Tehran Museum of Contemporary Art held an exhibition of 42 works by Western artists from the Shah's collection, including Pollock's masterpiece "Mural on Indian Red Ground", valued by Christie's auction house experts in 2010 at $250 million (220 million euros).
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The Prussian Cultural Heritage Foundation (SPK), which manages Berlin's main museums, said it had agreed a deal with the Tehran Museum of Contemporary Art for a major exhibition of the collection in the German capital from December until February next year.
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