As a pair of armed robbers bound and gag a security guard to steal dozens of ancient artifacts from the Olympia museum in Greece, Channel 4 News goes hot on the trail of the illicit antiquities trade. "It has become an organised crime business," said Richard Ellis. A former Scotland Yard detective who set up the Metropolitan Police's Art and Antiques Squad, the specialist art and antiquities crime investigator has worked on the recovery of some of the world's most famous paintings, including Edvard Munch's The Scream. 

The latest known theft to have taken place only happened this morning, when two armed robbers broke into an Olympia Museum and made off with between 60 to 70 bronze and clay pottery objects. They tied up and gagged the female security guard before using hammers to smash display cases and grab the loot. That followed the theft last month of a Picasso and a Mondrian from the capital's National Gallery. Today's incident prompted the culture minister, Pavlos Geroulanos, to tender his resignation, amid outcry that the nation's priceless treasures were no longer safe in state hands. Now, Mr Ellis told Channel 4 News, "the incentive is there to make money in Greece". And they may well begin a life which sees them travel from the poorer hands of the lowly thieves who broke into the museum to reach the lucrative shores of London or New York, and in some cases, find themselves auctioned off for tens of millions of dollars. "I am sure the current economic situation is Greece is triggering people to become more active," Mr Ellis said. "I would expect these objects are going to get moved. It's a transitional country for other stolen goods, and they can go west or east." 

According to Mr Ellis, many are looted or excavated by poorer local people looking to make some fast yet small amounts of cash, before being sold on to intermediaries. The real mark up, he says, comes in the stage after that, after they have been passed on to dealers. From here they can end up in auction houses or with private collectors, having changed hands for millions of dollars. In some cases, Mr Ellis said, collectors are aware they are trading in illegal goods, despite a rise in 'due dilligence' to establish the provenance of items.

"All the countries that are in decline, with financial problems, and yet hosted ancient civilisations, such as Greece, Italy and Egypt - they are going to see big problems. In Greece, this is connected with the financial situation. We will have more of such things coming up in the next few months. The people who stole this are uneducated people with no money, who are not aware it will be difficult to give these objects to the market as they are recorded, and there are pictures of them. They do it for money, but they are not aware it will be really difficult to get rid of them." It may be the case that some of them end up in refrigeration trucks transporting food in order to be smuggled across borders, through Turkey and the former Yugoslavia, before reaching Europe where they are likely to fetch up a higher price. Another popular route for other goods illegally seized or excavated from Asia, Mr Tsirogiannis said, is aboard ships to Italy. From there they may make their way to Switzerland, and from there, he said, they may be laundered in auctions in London and New York before being sold to private museums and collectors.

Brent Bambury, host of the show Day 6 on CBC Radio, "talks" with art crime expert Richard Ellis, founder of the Art and Antiquities Squad at The New Scotland Yard.

Ellis: In one particular Picasso theft the chap got into a taxi in London and drove around and delivered it to the person who had asked him to steal it, so it depends entirely who you are and what your intentions are. Looking at the Greek experience recently, it was a well orchestrated theft, so they may have well have gone beyond planning the actual theft and have already worked out what they could do with the pictures. 

Bambury: How does a thief monetize a painting? What is the value of something that is so very difficult to sell? 

Ellis: Value is established unfortunately through the media. I say unfortunately because there is a tendency of following an art theft to try and arrive at the highest possible value because it makes for a better story. Criminals will take the highest published value and they will work anywhere between 3 to 7 or even 10% of that reported value as its black market value. Clearly if it’s a valuable painting it can still be a significant sum of money and they’ll use that as collateral or as a form of currency and it will then just be used as a way to pay for other criminal enterprises such as drugs or arms or people trafficking. 

Bambury: So a painting then becomes a token of value in the larger world of organized crime? 

Ellis: Exactly that. Last year … in October I recovered two Picassos in Serbia that had been stolen in Switzerland in February 2007. Now what I learned from that experience is that art is actually being used as a currency because it is easier to travel across international borders carrying a painting than it is to travel across international borders carrying a lot of money. If you’ve got money on you, the authorities are alert to money laundering and you will be questioned and you will have to justify your possession of that money. With paintings, unfortunately a lot of law enforcement are not to so familiar with the art scene, they don’t have easy access to databases of stolen art and antiques. The chances are that the criminals will be able to travel across international boundaries with a stolen work of art.

Picasso's Woman's Head

Sketch by Caccia

"It all happened in seven minutes," said a police official who declined to be named.

To mislead the guard, the thieves activated the gallery's alarm system several times before breaking into the building at 4:30 a.m. (0230 GMT). The guard turned off the alarm only to later spot one of the thieves through the motion detector.

Before escaping, the thief dropped another 1905 Mondrian painting, the "Landscape," police said. [Reporting by Renee Maltezou, editing by Paul Casciato]

Piet Mondrian's "Mill" (Photo provided by National Gallery/AP)

The museum, which features mostly 19th and 20th century Greek paintings, had just concluded the exhibition Unknown Treasures.  On Monday, it has been scheduled to shut down for an expansion and restoration project. [CBC]

Dr. Gill: The US has been a signatory to the UNESCO Convention on the Means of Prohibiting and Preventing the Illicit Import, Export and Transfer of Ownership of Cultural Property (1970) since 1983. However this seems to have made little significant impact on the acquisition policies of public museums and private collectors (as the impact of the “Medici Conspiracy” has shown all too clearly). In the last few years the J. Paul Getty Museum returned a gold funerary wreath that appears to have been removed from an archaeological context in Macedonia, and the New York collector Shelby White handed back a bronze calyx-krater that also appears to come from northern Greece. There are reports in the Greek press that there is a claim on a number of Greek antiquities in a major U. S. university museum. The case of the Aidonia Treasure that appeared on the North American market drew attention to concerns about recent illicit activity on archaeological sites in Greece. The Greek authorities feel that a formal Memorandum of Understanding (MOU) would have an impact on the movement of recently-surfaced cultural objects.

Dr. Gill: The requested agreement covers material from prehistoric times (Neolithic) right through to the period of the Turkokratia. The MOU statement made it clear that Greek authorities wished to protect post-Byzantine art and materials.

Dr. Gill: The “Medici Conspiracy” has delivered a wake-up call to major museums and private collectors in North America (and beyond). Museum curators, dealers and collectors can no longer turn a blind eye to the issue. The Association of Art Museum Directors (AAMD) has re-formulated its policy towards the acquisition of archaeological material, and established an online object registry. There needs to be a more rigorous due diligence process by those selling antiquities as well as those making purchases. Collecting histories (I prefer this to the misleading term “provenance” that is so carelessly used in art history circles—but that is another story) need to be carefully documented. The proposed MOU with Greece covers a range of works from Neolithic figurines to ecclesiastical icons.