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Category Archives: Art Recovery/Theft

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The Art Loss Register: A Significant Deterrent To Art Theft

Posted in Art Recovery/Theft

For those not already familiar with The Art Loss Register (“ALR”), I thought this would be a helpful albeit brief introduction to the ALR and the key services the London-based company, International Art and Antique Loss Register Limited, offers to art dealers, art fairs, auction houses, insurers, law enforcement agencies, museums, and private individuals. The ALR… Continue Reading

Art of War: Asher Edelman Brings Suit Seeking Over $200 Million in Damages for Alleged Art Fraud

Posted in Art Finance, Art Recovery/Theft, Litigation Issues

The well-known art collector and financier Asher Edelman has instituted a lawsuit in Manhattan claiming that his firm, ArtAssure, was fleeced of over $200 million arising out of an allegedlly fraudulent art transaction. ArtAssure claims that it was fraudulently induced by the Swiss firm Artmentum to believe that Japan’s Hiroshima Art Museum was trying to sell approximately $400… Continue Reading

GEORGE CLOONEY’S NEW MOVIE CASTS LIGHT ON WWII STOLEN ART AND THE IMPORTANCE OF ART PRESERVATION

Posted in Art Recovery/Theft

George Clooney’s new movie, The Monuments Men, starring Clooney, Matt Damon, and Cate Blanchett, celebrates the legacy of the men and women tasked with recovering and safeguarding Europe’s greatest cultural and artistic treasures during World War II.  The movie, scheduled to debut February 7, 2014, is based on Robert Edsel’s 2009 book, The Monuments Men:… Continue Reading

What Price Art Fraud?

Posted in Art Recovery/Theft

Interesting look here at the other side of the art fraud world.    Forged works often make their way to the market, fooling even the most sophisticated investors and purchaser, but often the HOW the forged work becomes created is not examined. In the article, Pei-Shen Qian, a Chinese national living in the U.S. discusses creating dozens or more forged… Continue Reading

Austrian Restitution Law Opens the Door to Return of Valuable Gustav Klimt Work

Posted in Art Recovery/Theft, Art Valuation, Litigation Issues, Valuation

In 2009 the restitution laws of Austria were amended to include works of art that were sold to the government at a discount due to an export ban on art.  In a recent case involving a valuable frieze inspired by Beethoven’s Ninth Symphony that was crafted by Gustav Klimt in 1902, a panel of art… Continue Reading

White House Art Intrigue: The Tangled Tale of Eight Paintings by Post-Impressionist Master Cézanne

Posted in Art Recovery/Theft

An extraordinary bequest of eight French masterpieces created by Paul Cézanne from American collector Charles A. Loeser 85 years ago “to the President of the United States of America and his successors in office for the adornment of the White House” had become diverted more than 60 years ago.  Such bequest certainly would have been… Continue Reading

Money Laundering and Art

Posted in Art Recovery/Theft

In an industry that lacks much in the way of regulation and heavily relies upon privacy, it is no surprise that the sale and transfer of fine art is one of the world’s most popular methods of money laundering. This article takes an in depth look at the world of art and money laundering and… Continue Reading

IS THE ISABELLA GARDNER MUSEUM MYSTERY FINALLY SOLVED?

Posted in Art Recovery/Theft

Federal law enforcement officials released information today indicating that the thieves linked to the Isabella Stewart Gardner Museum heist may have been identified (curiously, however, the thieves identities have not been disclosed).  In 1990 thirteen masterworks of art, including works by Rembrandt, Vermeer, Degas, Manet, and Renoir valued at approximately $500 million, were stolen from… Continue Reading

ART MUSEUM ASSOCIATION RULES BOLSTERED FOR ACQUISITION OF ANCIENT ART FOR NORTH AMERICAN ART MUSEUM COLLECTIONS

Posted in Art Recovery/Theft

In recent years, the Association of Art Museum Directors ("AAMD") announced the implementation of its landmark 2008 guidelines with respect to the addition of ancient art to North American art museum collections.  The impetus for the AAMD guidelines arose from numerous complaints from Greece, Italy, and other ancient regions, in which museums had for quite… Continue Reading

FATE OF OSLO’S TREASURED PICASSO MURALS UP IN THE AIR

Posted in Art Recovery/Theft

As recently reported by The Art World Daily, two buildings of Oslo’s government headquarters damaged during the July 2011 terrorist attacks are now at the center of debate as to their cultural significance.  In particular, in its decision of whether or not to demolish the affected buildings, the city will need to consider several concrete murals by… Continue Reading

STOLEN MATISSE FROM STOCKHOLM MUSEUM 25 YEARS AGO RECOVERED

Posted in Art Recovery/Theft, Art Valuation

Earlier this week, British art recovery specialist Christopher Marinello of the Art Loss Register ("ALR") in London successfully recovered a painting by French artist Henri Matisse stolen from the Moderna Museet in Stockholm back in May 1987, as recently reported by MSN.com.  Matisse’s "Le Jardin" painting is currently valued at just under $1 million (i.e., $916,200).  The… Continue Reading

SEVEN PAINTINGS BY RENOWNED ARTISTS STOLEN FROM DUTCH MUSEUM

Posted in Art Recovery/Theft

In the early hours of the morning on October 16, 2012, thieves made away with seven paintings among a private collection owned by the Triton Foundation being exhibited at the Kunsthal museum in Rotterdam.  The New York Times reports that the seven borrowed paintings stolen early Tuesday morning include valuable works from famous artists such as Freud, Gauguin, Matisse,… Continue Reading

WELL-PRESERVED 17TH CENTURY NATIONAL TREASURES RECOVERED IN POLAND

Posted in Art Recovery/Theft

Record low water levels in Warsaw’s Vistula River due in part to heat waves and droughts last month have made accessible looted valuable 17th century marble and alabaster decorative structures from the riverbed.  Police, archaeologists, and divers, came together to recover the precious large scale, over 350-year-old national treasures from the Vistula River.    As reported by Art Daily, archaeologists have known for quite some time… Continue Reading

PROMINENT BOND TRADER’S STOLEN $10-MILLION CONTEMPORARY ART COLLECTION RECOVERED

Posted in Art Recovery/Theft, Art Valuation

As recently reported by the LA Times, Jeffrey Gundlach, regarded as one of the world’s preeminent fund managers, will receive his nearly $10-million contemporary art collection back that was stolen from his Santa Monica, California home in mid-September.  A record $1.7-million reward was offered by Gundlach for the safe return of his prized collection. After… Continue Reading

SEVEN-FIGURE REWARD OFFERED FOR RETURN OF STOLEN CONTEMPORARY ART FROM PRIVATE OWNER’S PRIZED COLLECTION

Posted in Art Recovery/Theft, Art Valuation

According to a LA Times article, a $1.7 million dollar reward has been offered by one of the world’s top financial executives, Jeffrey Gundlach, for the safe return of prized contemporary art stolen from his home in Santa Monica, California last week.  Some of the most well known names in contemporary art were included in the $10… Continue Reading

Warrant Issued for Manhattan Antiquities Dealer

Posted in Art Recovery/Theft

On July 26 federal investigators seized more than $20 million worth of Asian antiquities from Manhattan dealer and gallery owner Subhash Kapoor, who they suspect has been importing looted antiquities from India for several years.  The Manhattan district attorney’s office issued a warrant for Kapoor’s arrest on charges of possessing stolen property.    Among the… Continue Reading

Dali Stolen from Madison Avenue Gallery

Posted in Art Recovery/Theft

A man walked into a Madison Avenue art gallery this week and walked out with a $150,000 Dali watercolor and ink painting. The man was caught on surveillance, but has not been found. The painting, Cartel des Don Juan Tenorio (1949), was being exhibited at Adam Lindemann’s Venus over Manhattan. In a Fox News report,… Continue Reading

Turkey Requests Return of Looted Antiquities

Posted in Art Recovery/Theft

Following the lead of successful Italy and Greece, Turkey is now aggressively seeking the return of smuggled antiquities to the country from several U.S. museums.  According to this article, Turkey has "supporting evidence and has threatened to halt all loans of art to those institutions until they respond to the claims."  The Met has already… Continue Reading