Daily Blog 04/16/2012

  • While the art industry celebrates the return of the stolen Cezanne masterpiece “Boy in a Red Waistcoat,” recovered this week in Serbia, thousands of other famous stolen works of art continue to be traded on the black market or collect dust in storage.

    According to the Art Loss Register, an international index of stolen works, there are 350,000 stolen works of art in the world. Once thieves realize they can’t sell the paintings at auction or get paid a ransom fee without getting caught, many try to obtain cash or collaterall illegally, said Chris Marinello, general counsel for the Register.

    tags: art crime

Posted from Diigo. The rest of my favorite links are here.