Rutgers University at New Brunswick has returned a Renaissance painting to the heirs of a Dutch couple who tried to trade the artwork and six others for safe passage out of Nazi-occupied Europe but instead were shipped to death camps, where they died. According to a Rutgers news release, the painting—a 1509 portrait of a young man by the German master Hans Baldung Grien, a follower of Albrect Dürer—was donated to the university in 1959 by a collector who may have bought it in New York after the Second World War. The process of restoring it to its rightful owners began when Simon Goodman, speaking on behalf of his family, called Rutgers in late 2009 to say it had their painting. After extensive research into the artwork’s past, the portrait was handed over in a ceremony last week. Mr. Goodman’s family plans to auction it at Christie’s this month; the painting is expected to sell for $200,000 to $300,000.