David Nahmad admits ownership of disputed Modigliani painting

After Swiss prosecutors seized a Modigliani painting from storage that the art dealing family the Nahmads denied they owned, Doreen Carvajal reports in the New York Times that dealer David Nahmad has now admitted he is the current owner of the painting, Seated Man with a Cane, but claims that it is not the same work that once belonged to the prewar Jewish art dealer Oscar Stettiner and should not be subject to his heir Philippe Maestracci’s restitution claim.