art theft News

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 …