September 27, 2012

LA Times: 'Jeffrey Gundlach's stolen art collection is recovered'

The Los Angeles Times sent out a 'breaking news' email at 5:59 p.m. on September 27:
Recovered art work by Philip Guston (1950)
Star bond trader Jeffrey Gundlach said his $10-million collection of art, which was stolen this month, has been recovered safely. 
Two suspects have been arrested by Santa Monica police, he said.  Gundlach had offered a near-record $1.7-million reward for the collection's safe return. 
Joe Bel Bruno for the LA Times reports that Gunlach said that 'at least one of the paintings [the Mondrian] was in the midst of being sold" and that his Porsche is still missing. 

Sam Ro for Business Insider reports that Gundlach released a statement thanking Detective David Haro and the Santa Monica Police Department for "their skillful, tireless and respectful attention to apprehending the criminals and recovering all of the artwork stolen."


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