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Sep 2008
$200,000 reward offered for missing art

From wire reports

A $200,000 reward was on offer today for information leading to the recovery of a multimillion-dollar art collection stolen during a daytime robbery in Encino last month.

Taken from the walls of a home on Aug. 23 were paintings by Marc Chagall, Diego Rivera, Hans Hofmann, Chaim Soutine, Arshile Gorky, Emil Nolde, Lyonel Feininger and Kess van Dongen, the Los Angeles Police Department reported.

"Nine original paintings were taken from that residence," Officer Julianne Sohn of the LAPD's Media Relations Section told ABC7. It was unclear how much the stolen art is worth, but Michael Rice, a senior art consultant with Galerie Michael in Beverly Hills, told ABC7 the collection would sell for millions.

"These are all in the high six-figure into the seven-figure price range," Rice said.

The owners of the artwork have offered a $200,000 reward for the return of the paintings. Rice said the paintings could be returned because it would be difficult for the thieves to sell them.

"There's no way to sell this without the track history... You have to have very specialized certificates of authenticity," he told ABC7. "That's why most of the great pieces that have been stolen in the last 10 years have been returned."

Anyone with information on the burglary was asked to call Detectives Donald Hrycyk or Stephanie Lazarus from the Los Angeles Police Department's Art Theft Detail at (213) 485-2524



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