Connect to share and comment

Italian police recover Chagall stolen from US yacht

PlacardEnlarge
(Globalpost/GlobalPost)

A painting by Marc Chagall stolen from a US yacht moored in Italy has been recovered more than a decade later in a private collector's home, Italy's art theft police division said on Monday.

The Russian-born Jewish painter's "Le Nu au Bouquet" was stolen in 2002 while the boat was being repaired in the port of Savona in northern Italy and was replaced with a forgery.

The work, which was bought by an unnamed wealthy US national for his yacht in 1998, is valued at more than 1.0 million euros ($1.3 million).

Three people -- two Romanians who worked on the yacht at the time and a gallery owner from Bologna -- are under investigation, Italian media reported.

Police were first alerted when the man's heir travelled to Italy to recover the yacht following his death and discovered the painting was a fake.

The police said they first heard about the painting in 2012 during an investigation on traffic in stolen art through a gallery in Bologna.

The police said the collector from Turin had bought it in 2003 in good faith and the thieves had even obtained an official authentication.

dt/yad

http://www.globalpost.com/dispatch/news/afp/130408/italian-police-recover-chagall-stolen-us-yacht