Art Investment

The Russian, who is suspected in the theft of paintings by Degas, detained

a Russian citizen, who is suspected of involvement in the theft of works by Edgar Degas 70-year-old Greek-Cypriot, he came to the police station with his lawyer to testify. 55-year-old Russian businessman Sergei seals claims not involved in the theft of paintings by Degas "Dancer, combing a Shoe". The suspect was detained at the station for the next 8 DNA.

Theft from the home of an elderly Greek Cypriot city of Limassol occurred in late September. As reported by the investigators, the victim, the day before the robbery seals came to his house and discussed the possible purchase of the house and number of works from his collection. And in the collection of Greek, according to the newspaper Cyprus Mail, more than 250 paintings and drawings by famous European artists, as well as sculptures, crystal and Victorian furniture. The work of Degas Greek to sell was not going. On Monday 29 September, the parties held a meeting in the presence of lawyers to finalize the transaction. Just in time for this meeting outside the home and there was a robbery. According to the victim, seals asked his lawyers to carefully read the contract. It took a lot of time. Meanwhile, out the door with a crowbar, in the house of the Greek came in through the front entrance of the robbers. Alarm in the house not bylo.

Two Greeks, 53 and 44 years, which brought tûleneva with the Greek collector, was arrested almost immediately after the robbery. Now they were joined by Sergey seals. Police said that the Russian businessman refuses to answer specific questions relating to the case. So far, he only responds to General Voprosy.

Stolen Degas painting was not insured. Before the collector insured works from its collection, however, once in 2013 were arrested on the assets of the two largest banks in Cyprus, he had to forgo insurance. Due to the difficult financial situation and he decided to sell the house and part of the collection. However, the sale of works by Degas (most likely this is a pastel on paper) in his plans was not included. The stolen product is estimated at 6 million Euro.

Investigators believe that the stolen work still had not crossed the border. "Take out a piece of art out of the country is no easy task. Since we almost immediately arrested almost everyone who could be involved in the theft, we believe that the work is still in Cyprus", - said the representative of policie.

Sources: cyprus-mail.com, incyprus.philenews.com, cyprus-mail.com, artinvestment.ru


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