art theft News

Art Thefts, Such as Dresden Jewelry Heist, Are Here to Stay: Opinion

The management of Dresden’s Green Vault, where the biggest museum heist in post-World War II German history took place on Monday, has declined to estimate the market value of the stolen jewelry “because it is impossible to sell.” That, sadly, …

Germany’s Green Vault Museum Finds It’s Uninsured for $1 Billion Theft of Jewels

A day after burglars made off with priceless jewels from a German museum, pressure is growing on police to find the culprits. One big reason: The diamond-encrusted dagger, pearl necklace, and dozens of other glittering artifacts—estimated to be worth more …

Thieves Steal Priceless Items from Dresden’s Treasury Green Vault; Hiscox Comments

Thieves have carried out a heist at Dresden’s Green Vault, one of the world’s oldest museum containing priceless treasures and jewels, German officials said Monday. The treasury of Augustus the Strong of Saxony was established in 1723 and today contains …

Art Ring Charged with Smuggling $143M in Antiquities

An art dealer who authorities called one of the most prolific smugglers in the world and seven others were charged with trafficking more than $140 million in stolen antiquities, prosecutors said Wednesday. Authorities described the case as one of the …

FBI Seeks Help to Find Art Depicting Old West Stolen from New York City Home

The FBI is seeking the public’s help in rounding up more than a half-million dollars’ worth of artworks that were stolen in 1983 from the New York City home of an artist known for his scenes of the American West. …

Man Indicted in Scheme to Sell Paintings from Massachusetts Art Heist

A Boston federal jury has indicted a West Virginia man on charges he tried to sell paintings he did not have access to and falsely claimed were stolen in the largest art heist in U.S. history. Prosecutors allege that 47-year-old …

Q&A: Art Theft and Its Impact on the Insurance Industry

Bill Anderson, a managing partner of Brooklyn, New York-based Art Guard, recently spoke with Insurance Journal about issues related to insurance and artwork. Anderson has observed that roughly more than 50% of art thefts occur at private homes, and with …

Chubb Returns Stolen Norman Rockwell Painting 40 Years After Theft

More than 40 years after the theft of Norman Rockwell’s Boy Asleep with Hoe – also known as Lazy Bones or Taking a Break – the painting has been returned to the family of its original owners following a ceremony …

Why Art Thieves Are So Successful

Last month, administrators at the Boston Public Library discovered that a $600,000 engraving by Dürer and a $30,000 etching by Rembrandt had gone missing. It set off a media firestorm, the director of the museum resigned, and then … a …

Massachusetts Man Awarded Damages in Suit Over Art Heist

A U.S. jury has found in favor of the plaintiff in a Massachusetts lawsuit filed in connection with a 1978 art heist. The jury awarded plaintiff Michael Bakwin more than $3.1 million in damages on Tuesday. The artwork was stolen …