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Hoard of stolen art found at crime boss's home

7th June 2007

In 2003 £274,000 worth of stolen art was recovered from a London Crime boss's house.

Police searched the criminal's home after he was arrested on suspicion of laundering money. Police discovered the stolen art and antiques in the nick of time as the stolen items had been packed into cases ready for a move.

The stolen items have now been identified by experts but not all have been returned to the rightful owners. One victim explained that the insurance company has already paid out and that she can't afford to buy it back.

The stolen items included: Three Picasso etchings and three Henry more prints worth £35,000. A pair of Bluejohn Cassolette vases worth £60,000. Five pieces of Meissen Porcelain worth £120,000.

The crime boss was jailed for seven years in March for laundering £1m. His empire consisted of loan sharking, protection rackets and money laundering. He was ordered to pay £4.7m for legal costs over four years.

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Artwork

Breaking Art News

Headline: Why would you want to buy misery?

Jamie Shovlin, a British artist whom last year held a solo exhibition at the Tate Britain is planning a collection of art items for an exhibition at the Manchester Museum. His collection involves buying items from the online auction site Ebay. Click here for the rest of the story

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