Vermeer's The Concert

Vermeer's The Concert

Monday, September 28, 2009

Stolen Art Watch, Pebble Beach $27 million Art Heist, Update, Revised, $67 million Value, $6 million Reward Offer !!!


Big art theft reported in Pebble Beach

The Monterey County Herald

Updated: 09/28/2009 11:08:42 AM PDT
http://www.montereyherald.com/breaking/ci_13438072

Two Pebble Beach residents say $27 million worth of art work, including works by Rembrandt, Van Gogh and Jackson Pollock, were stolen Friday from their Sunridge Road residence.
A. Benjamin Amadio said he and his housemate, Dr. Ralph Kennaugh, a retired Harvard medical professor, returned home about 6:50 p.m. Friday to find 13 pieces and other items stolen.

He said they reported the theft to the Monterey County Sheriff's Office, and he expects the FBI will also work the major art-theft case.

They have offered a $1 million reward for a return of all the pieces.

He said they have been renting the residence where the pieces were stored for a couple of months while preparing to build in Carmel Highlands.

Amadio said he suspects whoever took the pieces knew them and of their collection.

"The knew exactly what we had. We believe they were professional art thieves," Amadio said today. He said he is an entrepreneur who deals in assets such as property, gems and art work.

The stolen works were in the men's personal collection, he said.

The missing pieces include three by G.H. Rothe, one by Pollock, one by Matisse, four by Miro, two by Rembrandt, one by Renoir and one by Van Gogh, they said.
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Art Hostage Comments:
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Sorrow !!!!!
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Update:
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It now appears the value of the stolen art has been increased to around $67 million, with the Jackson Pollack being the most valuable at $30-$60 million.
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Mr Amadio and Mr Kennaugh have sincerely offered a reward of $1 million for the safe return of the art and $5 million for the arrest and conviction of the thieves.
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Initial checks made by Art Hostage about Mr Amadio and Mr Kennaugh reveal they are both thoroughly decent, honest, sincere, genuine gentlemen.
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However, honourable as it may be, to pay the $1 million for the return of the art no questions asked would be against the law and would leave both Mr Amadio and Mr Kennaugh liable to be prosecuted.
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Still, lets not forget this $6 million reward offer is the highest in American history and does expose the $5 million reward offer made for the return of the stolen Gardner art back in 1997 as out of date and out of touch with current market values.
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That said, Anthony Amore, Director of security at the Gardner Museum is not one to allow the grass to grow beneath his feet and I am sure he will take on board this latest reward offer of $6 million and perhaps re-evaluate the $5 million reward offer made by the Gardner museum back in 1997.
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Art Hostage has for the last two years urged Anthony Amore to consider doubling the Gardner museum reward offer from $5 million to $10 million next March 2010 to mark the 20 years since the Gardner Art Heist.
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With this latest reward offer surpassing the Gardner Museum $5 million reward offer of 1997, the time has come to take another look at the Gardner Museum reward offer and adjust accordingly.
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Art Hostage has already had many enquires about the Pebble Beach art heist, not least about how to collect the reward. Art Hostage will respond to you all as soon as possible.
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Art Hostage is prepared to offer honest opinions and will also give a legal guide on how any reward may be obtained to those seeking a pathway to resolve the Pebble Beach art heist.
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Contact Art Hostage at:
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More to follow.....................

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