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The painting (c. 1916) is one of 70 works by Malevich that were exhibited in Berlin in 1927. During the exhibition, Malevich had to return to Russia and entrusted the paintings to friends. Malevich died in 1935, however, and matters were further complicated by Hitler's rise to power. Malevich's work was considered degenerate and banned by the Nazis. The paintings and drawings found their way into museum and private collections, which has led to efforts among Malevich heirs to reclaim ownership of these works.
The Guggenheim Foundation has described the details of the agreement as confidential but described it as "an amicable settlement," a sentiment echoed by the Malevich heirs. [NYT]
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