Art Investment

Stolen paint found through a database

Company The Art Loss Register, which has the world's most complete online database of lost and stolen artworks discovered stolen 15 years ago, the work of Cuban artist Mario Carreño (Mario Carreño).

Gouache called «The three women» was stolen from the New York law firm in October 1993. Much later, some lady, reading in the house, bought it in the area of Harlem, found paint in a closet and decided to sell it at auction. She has work in Sotheby's, where specialists have begun to search for information on the auction catalog. Gouache be sold at an auction of Latin American Art in May of this year, with estimeytom 25-35 thousand dollars.

One of the historians of art who works in the company of The Art Loss Register, found the work directory for future bidding. With the help of the legal department of Sotheby's and Company Atlantic Mutual Insurance, the insured work before her abduction, the two sides came to an agreement. Gouache Carreño, it was decided to give the present owners.

The Art Loss Register is looking for the missing works of art since 1991. Its database has about 180 thousand operations, which had lost on the Interpol, FBI, insurance companies, museums, collectors, etc. The company has data on thefts and missing works of art from the 1930's. Employees of the company, many of whom are experienced in the history of art, in search of the missing works constantly review auction catalogs and lists of new acquisitions to museums, to track the sale of works of art at fairs and in galleries. The overall value of works of art were returned to owners with the help of The Art Loss Register, experts estimate at 320 million dollars.

Source: artknowledgenews. com


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