Lucian Freud's "Woman with Eyes Closed" (2002)

by Catherine Schofield Sezgin, ARCA Blog Editor

The AFP reported in "Art thieves ordered to pay millions over missing Picasso, Monet, Gauguin and Freud masterpieces" that the four convicted thieves who robbed the Kunsthal Rotterdam in October 2012 must pay 18 million euros ($26 million) to the paintings' insurers (unnamed):

Seven paintings that were temporarily on display at the Kunsthal Museum in Rotterdam were stolen in 2012 in a raid that lasted only three minutes, in what the Dutch media called "the theft of the century". A court in the Romanian capital ordered the heist's mastermind, Radu Dogaru, his mother Olga, Eugen Darie and Adrian Procop to reimburse the paintings' insurers. Prosecutors put the total value of the haul at over 18 million euros, while art experts at the time of the heist had claimed the paintings were worth up to 100 million euros. Olga Dogaru had previously told investigators that she burned the paintings in her stove in the village of Carcaliu in eastern Romania in a bid to protect her son when he could not sell them. She later retracted the statement, but a separate investigation is under way to determine if the masterpieces did end up in ashes.

Paul Gaugin, "La Fiancée"