Showing posts with label sale of stolen paintings. Show all posts
Showing posts with label sale of stolen paintings. Show all posts

January 11, 2017

Seminar: Risk Management in the Art and Antiquities Markets Part II: Criminal and Compliance Risk - 7 February 2017

Seminar Venue: K&L Gates LLP, One New Change (Watling Street entrance), EC4M 9AF, London
Date and Time: Tuesday, 7 February 2017, 9.30 am- 4.00 pm.
Tickets on sale between £63.89 – £82.88
Buying and selling art is a business of passion. But that passion has never seemed so fraught with risk. Money laundering, criminal sanctions, regulatory compliance, charges to tax, corporate governance issues, the threat of cyber attack, online fraud, disputed attribution, question marks over title, and forgery on an industrial scale - all are variously and increasingly interwoven with the day-to-day challenges posed by borderless commerce, big data and globalised criminality. Make one false move, and the price can be high. Businesses, reputations and livelihoods are on the line.
As announced at the Art Business Conference on 1 September 2016, this short series of half-day seminars brings together experienced specialists in their respective fields to address commercial, compliance and cyber risks. The aim of each seminar is to bring together senior art market professionals, and to promote discussion around identifying the risks, and responsible strategies for mitigating and resolving them.
Each seminar takes place at the offices of K&L Gates, overlooking St Paul’s Cathedral. The seminar will commence with breakfast networking and registration at 9.15 and will include a sandwich lunch.
The second seminar is on “Criminal and Compliance Risk.” It takes place on 7th February 2017. Speakers confirmed so far, and topics under discussion will include:
·       Professional codes of ethics, combatting the illicit trade in art and antiquities, and new regulatory challenges on the horizon (Professor Janet Ulph, Leicester Law School, University of Leicester; Dr Sophie Vigneron, Kent Law School, University of Kent; and Ivan Macquisten, art market advisor, campaigner and lobbyist)
·       Risks associated with anti-money laundering and Proceeds of Crime Act offences, and their mitigation (Sasi-Kanth Mallela, Special Counsel, K&L Gates; and Richard Abbey, Partner, Ernst & Young Fraud Investigation and Dispute Services)
·   Keeping track of lost and stolen artworks and antiquities: some challenges and opportunities (Ariane Moser, Chief Operating Officer, Artive Inc. and James Ratcliffe, Director of Recoveries & General Counsel, Art Loss Register, in conversation with Sean Kelsey, Senior Associate, K&L Gates)

To purchase tickets to attend the event please visit the Art Market Minds event page.

February 18, 2014

Stolen Lucio Fontana Painting Recovered

By Lynda Albertson

A painting by Lucio Fontana that was stolen the night of February 11, 2014 while on exhibition in Milan from the Pecci Museum in Ripa di Porta Ticinese has been recovered.  

An Italian painter and sculptor, Fontana is mostly known as the founder of Spatialism and for his ties to the Arte Povera movement.  As many of the artist's works carry the same simplified title, ARCA has elected not to publish a photograph of the recovered artwork until the painting has been confirmed and authenticated by the Carabineriri TPC as the version of "Spatial Concept 1962" stolen less than one week ago.

Local Italian police and fire fighters were called to the Porche dealership located on Via Stephenson in Milan yesterday to investigate an illegally parked Nissan automobile blocking the entry gates to the facility which is located in the northern suburbs of the city.  The painting, located in the back seat of the car, was found wrapped in a blanket.

According to the reconstruction report given by the police, the theft occurred when thieves entered the courtyard forcing a motor arm of an electric gate.   Police investigators are continuing to review surveillance camera footage in hopes that the recordings can provide useful information to identify the thieves who have stolen the work or perhaps be matched the driver of the car left blocking the dealership.  

In an interview with Italian newspaper "Il Tirreno, the director of the Pecci, Stefano Pezzato said the recovery of the painting, which occured on the closing day of the exhibition, was the conclusion of "a nightmare week".  The director added that not only were they happy and relieved that the painting had been recovered but that they would be looking into improvements for their exhibitions' security. 
  
Valued at 540 thousand euros and on loan from from its anonymous collector, "Spatial Concept, 1962" is not the first Lucio Fontana painting to meet with mishap. In 2010 "Spatial Concept - Waiting, 1968", an all white painting with five vertical cuts, was reportedly vandalized while on display at the Galleria Nazionale d’Arte Moderna. 

Like with many stolen and well cataloged paintings, the thieves most likely abandoned the artwork when they realized that it would be difficult, if not impossible, to sell. 




July 28, 2013

Kunsthal Rotterdam Theft: Facebook played a part in Romanian sting operation to identify art thieves

Andrew Higgins reporting July 26 for The New York Times from Carcaliu, Romania in "A Trail of Masterpieces and a Web of Lies Leading to Anguish", describes one of the admitted thieves as using the internet in a failed attempt to dispose of seven paintings stolen from the Kunsthal Rotterdam on October 16, 2012.

Mr. Higgins claims that Radu Dogardu used Facebook to tell alleged accomplice Mihai Alexander Bitu that he would agree to sell the stolen artworks to a local wine producer for 400,000 euro (US $531,000). However, the supposed buyer of the stolen paintings was cooperating with a Romanian prosecutor, Raluca Botea, in an "elaborate sting operation", according to Higgins who indicated that he'd seen 'a record of the exchange' on the social networking site.
Just a few hours later, however, the operation fell apart when Mr. Dogaru received a warning that the police were tapping his cellphone. Today, six months on, the fate of the paintings is still unknown, as law enforcement authorities in Romania and the Netherlands, as well as art lovers around the world, struggle to penetrate the fog of claims and counterclaims about what happened to the masterpieces, from the Kunsthal museum in Rotterdam.
Have they been burned, as Mr. Dogaru's mother, Olga, has at times claimed? Or perhaps spirited away by a tall mystery man in a fancy black car, as she has asserted at other times? Or could they, as many in the desolate village of Carcaliu believe, simply be hidden somewhere in this rural corner of Romania?
Mr. Higgins points out that the prosecutor, Mrs. Botea, has found 'contradictory lies' in what the Dogaru mother-and-son have told her office. This article looks at the village, the personal history of the suspect, and quotes 'an official indictment' that claims that the morning after the theft of the Kunsthal Rotterdam that Dogaru took five of the stolen paintings to Brussels to sell them to a mobster known as "George the Thief" then carried them back to Rotterdam after the sale failed.
Mr. Dogaru appears to have hidden the works initially in his family home but later moved at least some of them in a suitcase to the house of his mother’s sister, Marfa Marcu. Mrs. Marcu, in an interview, said she had never opened the suitcase. She says she last saw it when her sister took it away, along with a shovel, soon after Mr. Dogaru’s arrest. 
Mrs. Dogaru has told prosecutors that, with the help of her son’s girlfriend, she buried the case in the yard of an abandoned house. After a few days, they dug it up, wrapped the paintings in plastic and buried them in a nearby cemetery. 
The trail then goes cold. In an interview with prosecutors on Feb. 27, Mrs. Dogaru said that sometime in January, this time acting alone, she dug up the paintings and, desperate to destroy the evidence of her son’s theft, brought them home and burned them all — in a stove used to heat water for the bathroom and a sauna. 
How she managed to do this is not clear. The stove in which Mrs. Dogaru claimed to have shoved all the artworks is barely a foot wide and seems far too small to contain what would have been a bulky bundle of canvas and wood. 
In a written statement on Feb. 28, Mrs. Dogaru retracted the incineration story and said she had, in fact, handed the paintings to a Russian-speaking man, about 40, who arrived at her house in a black car. She explained that her son, whom she visited in prison to get instructions, had told her to expect such a visitor and to give him the paintings.