Friday, August 06, 2010

Stolen Art Watch, Prince Andrew Lucky, Trinity, Third Time Unlucky !!

£230k of art stolen from county gallery

MORE than £200,000 worth of art has been stolen from a Worcestershire gallery.

Three pieces - including one by Sir Henry Moore - were stolen in the early hours of this morning from Trinity House Pictures Limited, High Street, Broadway.

It is believed four young men - or possibly teenagers - broke into the gallery at about 1.50am wearing dark clothes and hats, before running off towards The Green with £230,000 of art.

Police suspect there may have been a vehicle in another part of the village and are looking for any witnesses who may have seen four men getting into one or more vehicles at about that time.

The three pictures were:

  • “In The Lily Garden” - with “On The Sand Dunes” on the back - by Dorothea Sharp, worth £120,000
  • “Thames Barges At Low Water, Pin Mill“ by Edward Seago, worth £65,000
  • “Three Reclining Figures On Pedestals“ by sculptor/artist Henry Moore, worth £45,000

Simon Shore, co-owner of the gallery, said: “All three of these easily recognised pictures were painted by very well known English artists and are likely to be of interest to English collectors. Unfortunately, there are a few who will not be concerned about how they come by them.”

Art Hostage Comments:

Oh dear, Oh dear oh dear !!!

If at first they don't succeed, they try, try and try again.

Bailed in the Morning, Working in the evening, the revolving door of art crime.

With regards the Dorothea Sharp painting, this was bought at Sotheby's London on July 13th 2010 for £32,450

and priced up at £120,000 at Trinity House Pictures Limited, High Street, Broadway.

This is a 400% profit, greed gets them in the end. Something poetic about this particular raid.

So, if some unsuspecting collector bought this painting from Trinity House Pictures Limited, High Street, Broadway, for £120,000 they would immediately loose nearly £100,000 given the auction price paid.

Seems the Foxes are guarding the Hen-house.

Edward Heath called this practice "the unacceptable face of Capitalism"

Breaking News:

Meanwhile, a Degas and two Toulouse-Lautrec paintings were stolen from a home in the upmarket Neuilly area in the suburbs of Paris. Thieves broke in as the 80 year-old resident was away on holiday.

A total of five works of art, which include a picture of two of Degas and Toulouse-Lautrec, were stolen from the home of an elderly woman of 88 years in Neuilly-sur-Seine, outside Paris.

The woman, who at the time of the looting was on vacation, denounced last August 2 theft of five paintings.

The titles of the works or their market value have gone beyond the media.

The robbers entered the building through the roof and pierced a window with an object that could be a diamond, according to the victim, alerted to the incident by the doorman of the building.

The paintings were not insured and the house of the victim did not have an alarm system.

The paintings are the work of French subtracted Henri Marie Raymond de Toulouse-Lautrec, Edgar Degas and Marie Laurencin.


Edgar Degas “Les Choristes (The Chorus)" , missing from the Cantini Museum Marseille since last December, time to put in an appearance me thinks.

Perhaps pressure on the guard bore fruit, or BRB made a raid and recovered it during the operation.

A sting operation, a hand back, secret talks have been going on in Paris, so, let the cards fall where they may !!! Jacques Dallest is a bit of a maverick has he made the deal and allowed the Degas “Les Choristes (The Chorus)" to surface ???


hongkong4 said...

I feel sorry for the gallery involved as nobody deserves this...

Also, i think a Dorothea Sharp made near £100,000 in auction recently and this one looks a corker!

The best examples will always command high prices.

Art Hostage sounds a little jealous to me. anyway, i enjoy reading your posts

Art Hostage said...

Just stating the facts, check the link to sotheby's in the post to confirm the auction price.

I wonder how many collectors would buy this or any other artwork from a gallery if they knew the price paid and possible return for their investmant, not many I suspect.

Should be a law that requires art galleries to put the auction/trade price paid on the price ticket in the interests of transparency.

Then at least the buyer would buy with their eyes wide open.

A mark up of 100% is fair given overheads, 400% is just plain greedy.

Anonymous said...

Maybe the piece was under valued at auction and well purchased by the gallery??.... also I'm guessing there would be a large difference between retail price and final sale price????

Anonymous said...

I know nothing of the art market, how ever, are we not missing the point? The gallery, I presume, purchased the painting from the auction house, freely and fairly and on the open market and their ownership is morally acceptable. The thieves that stole this painting are morally abhorrent and have crossed all bounds of social acceptability.
To practice business on the open market is good for the economy and good for society. To steal someones property is for cowards and scum of the earth and good for nothing.
Simple facts not supposition.