Tuesday, October 16, 2012

Picasso, Monets stolen in Dutch heist

 AMSTERDAM (AP) — Thieves broke into a Rotterdam museum on Tuesday and walked off with works from the likes of Picasso, Monet, Gauguin and Matisse potentially worth hundreds of millions.


                                               This photo released by the police in Rotterdam, Netherlands, on Tuesday, Oct. 16, 2012, shows the painting 'Waterloo Bridge, London' by Claude Monet. Dutch police say seven paintings stolen from the Kunsthal museum in Rotterdam include one by Pablo Picasso, one by Henri Matisse, and two by Claude Monet. The heist, one of the largest in years in the Netherlands, occurred while the private Triton Foundation collection was being exhibited publicly as a group for the first time. (AP Photo/Police Rotterdam)

Police haven't said how they pulled off the early hours heist, but an expert who tracks stolen art said the robbers clearly knew what they were after.

"Those thieves got one hell of a haul," said Chris Marinello, who directs the Art Loss Register.

The heist at the Kunsthal museum is one of the largest in years in the Netherlands, and is a stunning blow for the private Triton Foundation collection, which was being exhibited publicly as a group for the first time.

"It's every museum director's worst nightmare," said Kunsthal director Emily Ansenk, who had been in Istanbul on business but returned immediately.

They were: Pablo Picasso's 1971 "Harlequin Head"; Claude Monet's 1901 "Waterloo Bridge, London" and "Charing Cross Bridge, London"; Henri Matisse's 1919 "Reading Girl in White and Yellow"; Paul Gauguin's 1898 "Girl in Front of Open Window"; Meyer de Haan's "Self-Portrait," around 1890, and Lucian Freud's 2002 work "Woman with Eyes Closed."

Marinello said the thieves have limited options available. They may try to seek a ransom from the owners, the museum or the insurers. They could also conceivably sell the paintings in the criminal market — but only for a fraction of their true worth.

Read More: http://finance.yahoo.com/news/picasso-monets-stolen-dutch-heist-142023864.html

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