Displaying items by tag: reward

A long-lost painting by the Spanish Baroque artist Sebastián de Llanos Valdés, which was missing for over 70 years, has been discovered in the UK, after an unidentified individual tried to consign "Penitent Maria Magdalena" to Christie's, according to a DPA report. However, the Staatliche Museum Schwerin, which owns the painting, had previously entered the artwork into Germany's centralized "Lost Art" database for stolen artworks. Since the attempted sale the museum and auction house were able to negotiate the work's return; with the individual who found and consigned the Valdés reportedly being offered a reward by way of compensation.

The artist was born in Seville, and was a pupil of Francisco Herrera the Elder, he worked chiefly for private patrons. In 1660, the artist actively supported Bartolomé Esteban Murillo in founding the Academia de Bellas Artes (Academy of Art), afterwards making frequent donations of oil and other materials for the students' use.

The San Diego Sheriff’s Department released a statement on Tuesday, August, 6, 2013 asking for the public’s help in finding sculptures, jewelry and nearly a dozen paintings that were stolen from a Rancho Santa Fe home on either June 17^th or June 18^th. The unknown suspects made off with over $5 million in valuables that included Chinese sculptures, elaborate custom jewelry made from gold, diamonds, tourmaline and other precious gems as well as a print by Claude Monet and one by Camille Pissarro.

While detectives have not revealed the name of the homeowner or the specific address of the ransacked home, the residence was unoccupied at the time of the theft. Investigators are hoping that help from the public will allow them to locate the stolen goods and identify suspects. Authorities are offering a $1,000 reward for any useful information leading to an arrest.

23 years after the notorious Isabella Stewart Gardner Museum heist took place in Boston, the FBI announced that they have identified the thieves responsible for the crime. Officials stated in a press release that the unnamed suspects are from a “criminal organization” based in the Mid-Atlantic States and New England. It is believed that some of the stolen artworks were transported to the Connecticut and Philadelphia regions, where they were offered for sale.

While the works have yet to be recovered, the FBI is reaching out to the public for helpful information and a $5 million reward is being offered for the paintings’ safe return. Today at a news conference, federal law enforcement officials announced that they will launch a comprehensive public awareness campaign that will include a dedicated FBI website, video postings on FBI social media sites, digital billboards, and a podcast.

On March 18, 1990 two thieves posing as Boston police officers entered the Isabella Stewart Gardner Museum and made off with thirteen works of art valued at $500 million. The stolen masterpieces include Johannes Vermeer’s (1632-1675) The Concert, one of only 34 known works by the artist in the world; three works by Rembrandt (1606-1669) including his only known seascape; five drawings by Edgar Degas (1834-1917); and an ancient Chinese vessel from the Shang Dynasty. The Gardner heist remains the largest private property theft ever.

The Oakland Museum of California, which is devoted to the art, history, and natural science of California, was been burglarized for the second time in two months on Monday, January 7, 2013. During the first robbery, the thief made off with a number of objects and pieces of gold that were on view as part of an exhibition about California’s Gold Rush. This week, a thief stole a significant gold and quartz box from the same exhibition. The box, which features elaborate decorations depicting early pioneer life, could be worth as much as $800,000.

Officials believe that the most recent break-in was pre-meditated and that the burglar pinpointed specific items to steal, making their way in and out of the museum very quickly. Security camera footage confirms that the thief worked alone. Both recent burglaries occurred on Mondays, when the Oakland Museum is closed to the public. Officials are investigating whether or not the two crimes are connected.

A $12,000 reward is being offered for the safe recovery of the box, which officials fear could be melted down for its materials.

On September 14^th, star bond trader, Jeffrey Gundlach, returned to his Santa Monica home to find his art collection, 2010 Porsche Carrera, watches, and rare bottles of wine missing. Two weeks later, police recovered the contemporary art trove. Including works by Piet Mondrian, Jasper Johns, and Richard Diebenkorn, the collection totaled nearly $10 million. Gundlach had offered a $1.7 million reward for the collection’s safe return.

Santa Monica police arrested two suspects after officers received a tip that the stolen art was being held at an automobile stereo shop in Pasadena. After raiding Al & Ed’s Autosound, police recovered all but one of Gundlach’s paintings. The store’s manager, Jay Jeffrey Nieto, 45, was arrested on suspicion of possessing stolen property. A second suspect, Wilmer Cadiz, 40, was arrested on the same charges at his home. The final painting was recovered at a residence in Glendale.

The near-record reward is believed to have played a key role in the collections’ recovery. However, it is not clear whether the reward money will be paid to the person who provided the tip that led to the arrest of Nieto and Cadiz. Gundlach had offered $1 million for the return of the Mondrian painting, Composition (A) En Rouge Et Blanc. The offer is said to be the highest ever reward for a single painting.

Jeffrey Gundlach, the chief executive officer of DoubleLine Capital LP, was the victim of a multi-million dollar burglary last week. After returning to his Santa Monica residence, the so-called ”bond guru” found $10 million worth of assets missing including several paintings, a 2010 Porsche Carrera 4S, watches, wine, and cash. At least ten paintings, including pieces by Jasper Johns (b. 1930), Piet Mondrian (1872–1944), and Guy Rose (1867–1925) were taken. Gundlach, a well-known connoisseur of fine art, is offering a $200,000 reward for any information leading to the recovery of the goods.

The burglary occurred sometime between September 12 at 3PM and September 14 at 8PM as Gundlach was in New York at the Bloomberg Markets 50 Summit. The investigation is ongoing.

As of yesterday, a Pierre-Auguste Renoir (1841–1919) painting that was stolen during an armed robbery at a Houston home last September has been named one of the FBI’s top ten unsolved art crimes. A private insurance company has offered a $50,000 reward for any helpful information leading to the work’s recovery.

The painting, Madeleine Leaning on Her Hair, was completed by the pioneering Impressionist in 1918 and has an estimated value of $1 million. The painting has also been added to the Art Loss Registry, the National Stolen Art File, and Interpol’s Works of Art System. Interpol, an international police organization, encourages cooperation between law enforcement agencies in different countries. By taking these measures, the thief will most likely be unsuccessful if he/she attempts to take the painting to a knowledgeable dealer or gallery or tries to sell it at auction as most members of the art world regularly check these databases.

The other top unsolved art crimes on the FBI’s list include the notorious Isabella Stewart Gardner Museum heist in which four Rembrandts, five Degas drawings, and one Vermeer (among other works) were stolen. Also on the list is the theft of two Gloria Vanderbilt Whitney commissioned Maxfield Parrish paintings from a Hollywood gallery, the 2002 van Gogh Museum robbery in which two paintings valued at $3 million, and the 1969 theft of a $20 million Caravaggio from Italy’s Oratory of San Lorenzo.