$200,000.00 Reward Offered for Recovery of Stolen Art

The Associated Press and the LA Times are reporting a $200,000.00 reward for the recovery of 12 paintings stolen from the home is currently being offered. The LA Times does not state who is offering the reward for the stolen art, only stating it is not a government source. The paintings, including works by Marc Chagall, Diego Rivera and Emil Nolde were stolen on August 23rd.

The LA Times article states "The big question is what will happen to the stolen art next. Because of the pieces' estimated worth, the works will be difficult to sell, said the LAPD's Hrycyk. Unlike cheaper artwork, he said, "when you get into this range, most people who want to buy art want to know the provenance of the piece."

The article continues "If potential customers or auction houses check the artworks' history, they will find that Hrycyk flagged all of them as stolen in the Art Loss Register and in the FBI and Interpol stolen art files."

To read the LA Times article click HERE, to read the AP story, click HERE.