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October 29, 2010

Giacomo Medici's Antiquities Crime Ring Still a Presence on the Art Market

Bonhams Auction house in London sold two antiquities that had been looted by the organized crime ring run by the infamous, imprisoned Giacomo Medici. Two lots from a recent sale were part of the dossier of antiquities looted by tomb raiders on behalf of Medici, who then sold them to the world's most famous museums. Medici was arrested in 1995 and imprisoned in 2004, but the repercussions from his looting ring are still felt. Bonhams has come under scrutiny because of their failure to withdraw the two lots in question from their recent sale, despite the fact that they were notified by renowned professor of archaeology, Dr David Gill of University of Swansea. Dr Gill, an ARCA colleague both as a regular columnist and editorial board member of The Journal of Art Crime, warned Bonhams ahead of time, but the sale went through. The buyer of the two suspect lots, however, withdrew his interest when the Medici connection was made clear. ARCA lauds Dr Gill for his diligent efforts.