by Catherine Sezgin, Editor-in-Chief

Serbian officials announced this week that payment of a 400,000 euro ransom returned Edgar Degas' painting Ludovic Lepic and His Daughters to the Bührle Collection one year after it was stolen, according to "SEE IT: Serbian and Swiss police raid nets stolen Cézanne painting", an article written by Dusan Stojanovic, Chief Correspondent for the Associated Press in Belgrade, and published April 13 on the website NYDailyNews.com.

This information was released at a news conference in Belgrade attended by Serbia's organized crime prosecutor Miljko Radisavljevic and Serbian Interior Minister Ivica Dacic, Stojanovic reported.

The FBI and Interpol had still listed the Degas painting as stolen and missing as of this week.

Other interesting details Stojanovic reported from the press conference:

The police raid recovered the Cézanne painting in the roof upholstery of a black van;

Four men, including the leader of the gang that conducted the robbery, were arrested in Belgrade and Cacak, according to Prosecutor Radisavljevic;

The police raids this week, planned since 2010, "took place when the suspected robbers decided to take the Cézanne painting to a wealthy Serb who agreed to buy it for (euro) 3.5 million ($4.6 million), according to Interior Minister Dacic.

Police also found $2 million in cash and firearms with the four men, according to Dacic.

Thank you to Marc Balcells, ARCA alum, who noticed the news on recovery of the Degas painting.