Topic:

Art Crime

Art Crime

$10 M. in Stolen Artworks Returned to Jeffrey Gundlach, Two Arrested

Piet Mondrian, 'Composition (A) En Rouge Et Blanc,' 1936 was one of the paintings stolen from Gundlach's home. (Courtesy Santa Monica Police Dept.)

The $10 million worth of artwork stolen from the Southern California home of bond trader Jeffrey Gundlach in mid September has been returned, the Los Angeles Times reports. Nearly all of the collection—including works by Piet Mondrian, Jasper Johns and Richard Diebenkorn—was found Wednesday when police raided an automobile stereo shop, found there all but one of the missing artworks and arrested the 45-year-old shop manager. Read More

Art Crime

Jeffrey Gundlach Offers $1.7 M. Reward for Stolen Art, ‘No Questions Asked’

Gundlach. (Courtesy Investmentnews.com)

Famed bond investor Jeffrey Gundlach lost some $10 million last week when thieves broke into his Santa Monica home and stole select pieces from his art, watch and wine collections, along with his 2010 Porsche Carrera 4S. As news of the burglary broke, Mr. Gundlach offered a $200,000 reward for any information leading to the return of his stolen property. Now, according to the Financial Times, he’s increased the bounty for his art to $1.7 million in total. Read More