WSJ: This Picasso Painting, 'Two Women at a Bar,' is among the works named in Mr. Edelman's court filings. 2014 Estate of Pablo Picasso/Artists Rights Society (ARS), New York/The Gallery Collection/Corbis

New York art collector and dealer Asher Edelman on Friday filed a lawsuit against the Swiss company Artmentum, claiming his art-financing firm was the victim of a fraudulent deal involving the proposed sale of more than 100 works by masters such as Picasso, Monet, van Gogh and Matisse. The lawsuit, filed in New York State Supreme Court and seeking $204 million, alleges that ArtAssure, Mr. Edelman's firm, was wrongly led to believe by Artmentum and its associates last spring that Japan's Hiroshima Art Museum was trying to sell roughly $400 million in art by masters from the late 19th- and early 20th centuries. The complaint alleges the art was never actually for sale, and the financial details provided by Artmentum about the collection—including that the Hiroshima Bank owned the museum works and the Japanese government owned the majority interest in Hiroshima Bank—were false.

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The $204 million figure represents the profits ArtAssure would have made in the sale of all the works, Mr. Edelman said, adding that he never actually handed money over to Artmentum for any paintings. In addition, he said he lost "hundreds of thousands of dollars" in staff time spent investigating the deal. Some art lawyers didn't see the sum as realistic. "In my view, the damages which are requested are absurd because I don't see how he was really hurt," said New York art lawyer Peter R. Stern. 

Mr. Edelman, 74 years old, is a former corporate raider who has generated controversy in the past for his defense of his art interests. He entered the field of art finance roughly four years ago after spending decades as an art collector, museum director and gallery owner.

Frank Almond: Lipinski Stradivarius

A $100,000 reward was announced Friday for a priceless 300-year-old Stradivarius violin that was stolen in an armed robbery this week. Milwaukee Symphony Orchestra concertmaster Frank Almond was attacked with a stun gun Monday and robbed of the violin, which has been on indefinite loan to him from its anonymous owners since 2008, a common practice in the music world. The reward will be offered to anyone who can provide information that results in the safe return of the stolen violin. Officials declined to disclose Friday who, or what organization, is financing the reward. 

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A Milwaukee police spokesman confirmed Friday that Almond reported the robbers were a man and a woman. Investigators are reviewing security footage and following leads in the case, but no further information was available Friday. 

The theft marks at least the second time the "Lipinski Stradivarius" has disappeared from public view. The violin was built in 1715 in Cremona, Italy, by famed violin craftsman Antonio Stradivari. Its first known owner was the virtuoso Giuseppe Tartini (1692-1770), known to listeners for his "Devil's Trill" Sonata. The instrument has also belonged to Polish violinist Karol Lipinski (1790-1861), whose name has stayed attached to it. In 1962, the Lipinski Stradivarius was sold to Richard Anschuetz, a pianist in New York who spent summers in Milwaukee as a child. Anschuetz purchased it for his wife, the Estonian violinist and child prodigy Evi Liivak, with whom he had performed since the 1940s, according to the Milwaukee Symphony Orchestra. The couple performed around the world as a duo until the late 1980s. Once they stopped performing, the Lipinski Stradivarius disappeared from public view for nearly 20 years. The violin had not been heard in public until it was given on loan to Almond in 2008. The current owners, who remain anonymous, have been characterized as people with "strong ties" to Milwaukee.

From Bloomberg Businessweek

The Apollo of Gaza is almost six feet tall and made of bronze. He has finely wrought curly hair, one intact inlaid eye, an outstretched right hand, and a green patina over most of his body, which weighs about 1,000 pounds. His slim limbs are those of a teenager, and he’s so unusually well preserved that his feet are still attached to the rectangular bronze base that kept him upright centuries ago. On the international market, bronzes have become the rarest and most disputed artifacts of antiquity. Few survive today; over the past 2,000 years most have fallen victim to recycling: melted in antiquity for weapons or coins and later for church bells and cannon. The survivors are mostly those saved by mishaps or disasters—sinking in shipwrecks or buried by volcanic ash.

“A bronze of this size is one of a kind,” says Giacomo Medici, a dealer whose 2004 conviction in Rome for acting as a hub of the global antiquities trade led to the repatriation of works from the world’s biggest museums and richest collectors, including the Getty and New York’s Metropolitan Museum of Art. If the Apollo could be sold, such a statue would bring “20, 30, 40 million euros, maybe more, 100 million for the highest quality,” Medici says, speaking by phone from house arrest at his villa north of the Italian capital. “You could make it a centerpiece of a museum or private collection.”

By way of comparison, an ancient bronze a little more than half the Apollo’s size, depicting the goddess Artemis with a stag, sold for $28.6 million at Sotheby’s (BID) in New York in 2007. “That’s a good guide” for understanding the value of the Gaza bronze, says James Ede, chairman of London-based antiquities dealer Charles Ede. “Of course, it’s worth a lot of money if it can be sold, but it can’t be,” he says. A thicket of issues surrounding the Apollo’s provenance and ownership will make it hard to establish legal title, he says. It doesn’t help that Gaza is governed by Hamas, the Islamist movement considered a terrorist organization by the U.S. and the European Union. Says Ede, “It would be a hell of a furor if they tried to sell it.”

In the hands of the Hamas government, the bronze is worth more than just money. The most valuable reward would be recognition of any kind by U.S. or European institutions and governments. Even the slightest cooperation, say, over restoration, sale, or loan of the statue, could open the diplomatic door a crack. “This case is fiendishly difficult,” says Sam Hardy, a British archaeologist whose Conflict Antiquities website tracks the use of looted artifacts to fund war. “National and international laws make it difficult to assist the administration in the West Bank, let alone that in the Gaza Strip. Indeed, any sale or leasing of the statue might normalize looting of antiquities as a funding stream for Hamas.”

Lipinski Stradivarius/Frank Almond

After a performance at Wisconsin Lutheran College, the concertmaster of the Milwaukee Symphony Orchestra was assaulted and robbed of a rare, valuable Stradivarius violin built in 1715. At approximately 10:20pm on January 27, Frank Almond was walking to his car after performing at Wisconsin Lutheran College with other musicians. As he approached his parked car, a suspect used an electronic control device on Mr. Almond, causing Mr. Almond to drop the violin he was carrying. The suspect then took the violin and fled in a waiting car driven by a second suspect. 

The vehicle description is a late-80’s or early-90’s maroon or burgundy Chrysler or Dodge minivan.  It appears at this time that the violin was the primary target of this assault and robbery. It is important to note that this violin is valuable to a very small number of people in the world and is not something easily sold for what it is worth. We have a photograph of the specific Stradivarius violin and a car similar to the one used in the crime at the bottom of the screen.

Milwaukee Police Chief Edward Flynn said “Last night, the artistic heritage of the City of Milwaukee was assaulted and robbed.”  Flynn was joined at the press conference by Mark Niehaus, President of the Milwaukee Symphony Orchestra.

The Milwaukee Police Department is working with the FBI’s Art Crimes Team out of FBI Headquarters in Quantico, Virginia. This team specializes in high-end art thefts, including instruments like the violin taken on Monday. This violin has been entered into the international art theft database. The FBI team works with Interpol to connect with international art dealers who are able to help locate stolen items throughout international markets. 

We are following up on every lead. We encourage anyone with any information about things they have seen or heard that may be related to this assault and robbery to contact the Milwaukee Police Department at 414-935-7360 or the Milwaukee Symphony Orchestra at 414-226-7838.

It's important to note that this violin is very valuable but very valuable to a very small population. This is not something that can be easily sold for even a fraction of its monetary value.

Two of the other suspects were sentenced to six years and eight months in prison by a Bucharest court last month. The 29-year-old Radu Dogaru and 25-year-old Eugen D were found guilty of the theft and of membership in a criminal organisation. Dogaru took part in the robbery in October last year. Eugen D was responsible for transporting the stolen paintings to Romania. The case against three other defendants is continuing.

Borgund Stavkirke, an old church

Synneva Eris House (Photo Arlen Bidne)

The wooden houses in Lærdalsøyri are among the most important wood-house milieu in Norway, in line with towns like Røros, Bergen and Old Stavanger.[4]