YOUR

DAILYLUXE

 
CONNECT WITH US

Painting Valued at $916K Found 25 Years After Stolen

Posted: Jan. 8th, 2013  |  By DailyLuxe News

Reuters/Ray Wells/Handout

Le Jardin, a painting by famous French artist Mattise, has been recovered after being missing for 25 years, per a report by Reuters.

 The painting, which is valued at $916,000, was recovered by Christopher Marinello, an art recovery specialist at the Art Loss Register in London. The piece was stolen 25 years ago from  the Moderna Museet, a museum in Stockholm, in May 1987. The burgulary occurred when a thief used a sledgehammer to bash in to the museum during the night.  

Mr.  Marinello offered no details on how he was able to secure the missing painting. He also stated that less than 10 percent of stolen artwork is ever recovered.

There are other valuable paintings that are missing with substantial rewards offered for the recovering these artworks. 

Stolen art is a lucrative industry with $6-7 billion worth of thefts every year, and the current global economic downturn has led to a surge in crimes, according to Marinello.

Read More on reuters.com
Comments: