• 2026.03.22 (Sun)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
fashionrunwayshow2026
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > World

Legacy of Plunder: Nazi Looted Masterpiece Found After 80 Years, Heirs Indicted in Argentina

KO YONG-CHUL Reporter / Updated : 2025-09-05 18:50:13
  • -
  • +
  • Print

 

BUENOS AIRES — The decades-long search for a masterpiece stolen by the Nazis during World War II has come to a dramatic conclusion in Argentina, where authorities have indicted the daughter and son-in-law of a high-ranking Nazi official for concealing the looted artwork. The case, which has drawn international attention, highlights the ongoing global effort to restore art plundered during the Third Reich and bring the descendants of its perpetrators to justice.

The investigation began with a seemingly innocuous real estate listing. A house in the quiet coastal city of Mar del Plata was put up for sale, and among the photographs advertising the property, prosecutors spotted a distinctive late-Baroque portrait hanging on a wall. It was Giuseppe Ghislandi's "Portrait of a Lady," a painting presumed lost for over 80 years. Its provenance was well-known to art historians: it belonged to the celebrated Dutch art dealer Jacques Goudstikker, whose vast collection was seized by the Nazis after he died while fleeing their invasion in 1940.

The home belonged to Patricia Kadgien, 58, and her husband, Juan Carlos Cortegoso, 60. Patricia is the daughter of Friedrich Kadgien, a financial advisor to Adolf Hitler who played a pivotal role in the Nazi regime's systematic looting of Jewish-owned art. After the war, Friedrich Kadgien, like many of his peers, fled Europe to escape prosecution, finding refuge in Argentina, a country that became a haven for ex-Nazis. He lived out his life there, passing away in 1978, but his dark legacy, it seems, lived on through his family.

Argentine prosecutors, acting on a tip, moved swiftly. They announced on Thursday that they had formally indicted the couple on charges of concealing stolen property. The prosecutors' office confirmed that the Ghislandi painting, which Argentine media estimates is worth approximately $50,000, has been successfully recovered. The restitution of this painting is a significant victory for the Goudstikker family and for the broader community of art historians and Holocaust victims' descendants who have tirelessly pursued these missing works.

This discovery, however, appears to be just the tip of the iceberg. Subsequent raids on properties associated with the Kadgien family have yielded a treasure trove of additional artworks. Authorities have so far unearthed 22 works by the renowned French artist Henri Matisse, all dating from the 1940s, along with several other paintings whose origins are still being determined. The scale of the find suggests that the family's concealment of Nazi-era plunder was more extensive than initially believed.

The case serves as a poignant reminder of the long-lasting repercussions of Nazi persecution. The Goudstikker family's collection, once numbering over 1,400 works, was a prime target for Nazi officials, including the infamous Hermann Göring, who coveted its masterpieces. While the Dutch government has successfully reclaimed and returned a significant portion of the collection, an untold number of paintings remain unaccounted for, scattered across the globe, hidden away in private collections or forgotten in storage.

For decades, the search has been a difficult and often frustrating one. The path of looted art is frequently obscured by layers of false sales, forged documents, and deliberate misattribution. The indictment of Kadgien’s descendants offers a rare glimmer of hope and a clear message: the passage of time does not erase the moral and legal obligation to return stolen property to its rightful owners. The legal battle ahead for the Kadgien family is a testament to the fact that the crimes of the Third Reich continue to haunt its inheritors, and that justice, though delayed, is not denied.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #micorea
  • #mykorea
  • #Lifeplaza
  • #nammidonganews
  • #singaporenewsk
  • #Samsung
  • #Daewoo
  • #Hyosung
  • #A
KO YONG-CHUL Reporter
KO YONG-CHUL Reporter
Reporter Page

Popular articles

  • Ko Sang-goo, President of World Federation of Korean Associations, Elected as First Private Sector Chair of World Korean Community Leaders Convention

  • Revised and Expanded Edition of ‘Failure of Negotiations with North Korea: Truth and Solutions’ Published

  • Commentary That Douses the Joy of Victory: A Twisted Perspective

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://www.globaleconomictimes.kr/article/1065606549130447 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Coway Clinches Top Honor at "Water Taste Awards" for 7th Consecutive Year
  • HP Targets Korea as Strategic Hub for 'Edge AI' Expansion, Seeking Startup Partnerships
  • Pearl Abyss’s 'Crimson Desert' Shatters Records with 2 Million Copies Sold on Day One
  • "BTS Over Books?" Indian Academies Issue Emergency Notices as Students Plot Mass Absences for Comeback Live
  • Naver to Shut Down Men's Fashion Service 'MR.' to Launch Expanded AI-Driven Fashion Platform
  • JBNU and SKKU Researchers Achieve Breakthrough in "Dream Material" MXene, Setting New World Records in Performance

Most Viewed

1
An Open Letter to BTS On the Eve of a Historic Performance
2
From Industrial Capital to Tourism Mecca... Ulsan Makes a Bold Move with ‘Experiential Content’ in 2026
3
Ko Sang-goo, President of World Federation of Korean Associations, Elected as First Private Sector Chair of World Korean Community Leaders Convention
4
It is Time for BTS’s Fandom, ARMY, to Step Forward
5
Korean Stock Market Plunges: Circuit Breaker and Sidecar Triggered Amid Geopolitical Crisis
광고문의
임시1
임시3
임시2

Hot Issue

Vishay Unveils Ultra-Compact 0404 RGB LED with Independent Chip Control for Enhanced Color Precision

Coway Clinches Top Honor at "Water Taste Awards" for 7th Consecutive Year

AI Medical Ecosystem in Focus: KIMES 2026 Opens in Seoul as Global Healthcare Hub

Netanyahu Declares Decisive Blow to Iran’s Nuclear and Missile Programs, Signals Early End to War

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 독도는우리땅
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers