Art Investment

France returns stolen artefacts to Egypt

French Ministry of Culture announced that he would return to Egypt five fragments of wall paintings that were stolen from graves near Luxor temple. This move unanimously endorsed the 35-member special committee, which oversees the national museum collections of France.

According to the ministry, all five pieces were purchased in good faith, the Louvre in Paris. Four of them were bought from a French gallery Maspero in 2000, and the fifth - at a Paris auction in 2003. However, Egyptian authorities said that the artifacts were shipped to France illegally and demanded the return values. Last week, representatives of the Department of Antiquities of Egypt, even announced the severance of relations with the Louvre, accusing the French museum of unwillingness to return stolen art home .

But now that the conflict was resolved. It is expected that the ancient artifacts returned to Egypt a few weeks.

article prepared by Catherine Onuchina, AI

Source: bbc.co.uk , bloomberg.com , artinvestment.ru


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