Shah of Iran's art collection to go on show in Berlin

The agreement was marred, however, in May when the Tehran museum director Majid Mollanoroozi handed out an award for an antisemitic cartoon about the Holocaust, sparking protests from Israel and Germany.

The collection, reputed to be the greatest lineup of modern masterpieces outside of Europe and the United States, includes major works by Pablo Picasso, Joan Miro, Andy Warhol, Jackson Pollock, Mark Rothko and Francis Bacon.

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.

Other big drugmakers have made similar investments. Bristol-Myers Squibb Co has a tie-up with uniQure to develop gene therapies for heart diseases, while Celgene Corp has teamed up with bluebird bio Inc for cancer. (Reporting by Natalie Grover in Bengaluru; Editing by Maju Samuel)

The German commission assessing Nazi-era property claims concluded in 2014 that the low sales price was a product of a collapse in the art market during the Great Depression, and not because the Jewish art collectors were persecuted.

A lawyer for the heirs said the money the dealers received was then deposited in a bank account they were unable to access because it was blocked by the Nazis. (Reporting by Andrea Shalal; Editing by Tom Heneghan)

The head of research at brokerage AK Investment had his licence revoked on Tuesday over a report to investors analysing the coup plot, while the chief of Turkey's biggest petrochemicals firm Petkim was detained in connection with the events, the state-run Anadolu news agency said.

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)

ISTANBUL, July 28 (Reuters) - A crackdown in Turkey after a failed coup could further weaken its institutions and threaten its investment grade status, investors fear, as dismissals and detentions stretch from the judiciary into the private sector and even the central bank.

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 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.

"I believe that the final evaluations by Moody's and Fitch will be positive. There is a great deal of harmony between the suggestions of Moody's and Fitch for the Turkish economy and our government's targets," he said in an interview.

The Welfenschatz was collected for centuries by the Brunswick Cathedral in Brunswick, Germany, according to court records. In 1929, a group of Jewish art dealers in Germany bought the art from the Duke of Brunswick.

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.

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).

"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.

Turkey is rated at the lowest investment grade rung of BBB-/Baa3 by Fitch and Moody's respectively, allowing its bonds to be bought by more conservative funds that require a country to be classed as investment grade by at least two agencies.

Works from one of the world's most prestigious collections of modern art, assembled under the former shah of Iran, will go on show in Berlin late this year, German cultural officials announced Thursday.

"Sienna, Orange black on Dark Brown" by Mark Rothko is on display at Tehran's Museum of Contemporary Art (TMOCA) and is part of a collection bought in the 1970s by Farah Pahlavi ©Atta Kenare (AFP/File)

Since the Islamic revolution of 1979 that overthrew shah Mohammad Reza Pahlavi, the works assembled under the patronage of his wife Farah Pahlavi have not been shown together outside Iran before, according to the SPK.

BERLIN, April 21 (Reuters) - A German foundation appealed on Friday a decision by a U. If you enjoyed this information and you would certainly such as to obtain more facts relating to Free Download Mod apk kindly see the webpage. S. federal judge to allow a lawsuit to proceed against Germany over claims of a Nazi-era theft from Jewish art dealers of a collection of medieval art treasures.

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