Update: More on the Pebble Beach Art Theft

As previously posted, the suspicion and oddity of the recent theft of $20 - $80 million (depends on the story and who is reporting the value) worth of art stolen from a private residence in Peggle Beach continues. The Boston Globe has a very good article on the situation, and now is reporting the Sheriffs department is considering one of the owners a suspect in the art theft. The police are also stating there has been a lack of cooperation from the owners of the stolen art. The police claim little information, documentation or photos of the art have been provided.

Remember this is where Rembrandt and Pollock art was stolen, no insurance and the late discovery of a ransom note. Most who read the stories were very skeptical at first and get more skeptical as more information surfaces. The story just gets more bizarre with each new news story. It will be interesting to see how it all plays out.

The Boston Globe reports

investigators have been frustrated by a lack of cooperation from Amadio and Kennaugh since they reported that thieves broke into their home and stole the artwork, which had been shipped cross-country from Boston weeks earlier in a rental truck.

The men said that most of the artwork, including a Jackson Pollock worth millions, was not insured, and that they had coverage only of about $72,000 for seven pieces, including two sketchings by Rembrandt and another by Renoir. They also said the thieves stole documentation and hard drives that could have verified their ownership and the authenticity of the works.

Four days after the theft, Amadio and Kennaugh said, they discovered a ransom note tucked behind a painting that had been left in the home. The sheriff’s office met the discovery with suspicion because investigators had been through the residence “with a fine-tooth comb’’ and did not find the note, Richards said.

“The bottom line is they still haven’t cooperated with us,’’ said Richards, adding that the two men have yet to give investigators any documentation about the artwork or photographs. He said the only images investigators have seen are those that Kennaugh and Amadio have shared with the news media.

To read the full Boston Globe article, click HERE.