work - Litzlberg am Attersee in German - is a lake in Austria A Gustav Klimt painting looted by the Nazis during World War II, is to go to auction nephew after his recent return to its original owner.Illustration of 1915, entitled Litzlberg in Attersee, is expected to get more than $ 25 million (15 5 m) when it is sold in Sotheby's New York City on November 2.
Week the painting was returned to the 83 years Georges Jorisch by the Museum of modern arts in Salzburg.
A portion of the proceeds from his sale will be donated to the Museum.
According to Simon Shaw of Sotheby experts, it is a work of "excellent quality, rarity and important source".
The work, depicting a Lake on the West Austria, formed part of a collection by Viktor Zuckerkandl Austrian iron magnate.
When he and his wife Paula died in 1927 without children, painting joined the collection of Amalia Redlich, sister of Zuckerkandl.
Law of restitution
Redlich was deported in 1941 and was never heard again. His collection was captured by the Gestapo and sold.
The painting, which has been part of museum collections in Salzburg from 1944, was returned to Mr Jorisch, grandson of Amalia Redlich, earlier this month.
Under a 1998 restitution law, Austria has returned thousands of works confiscated by the Nazis to the descendants of their former owners.
Born in Vienna in 1862, Gustav Klimt was one of the most famous painters Austria and a light of leaders of the Art Nouveau movement.
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