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Gunmen Steal 4 Paintings Worth Millions In Brazen Heist

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By ERNST E. ABEGG, The Associated Press

Published: February 12, 2008

ZURICH, Switzerland - Three gunmen in ski masks and dark clothes burst into a museum just before closing time. After a quick run through the building, they hustled out the door and sped off with paintings by Cezanne, Degas, van Gogh and Monet valued at $163.2 million.

Authorities appealed Monday for any witnesses to help reconstruct the robbers' getaway from the E.G. Buehrle Collection, a private museum of Impressionist works whose founder had his own troubled history with stolen art.

"This is an entirely new dimension in criminal culture," police spokesman Marco Cortesi said, calling it the largest art robbery in Switzerland's history and one of the biggest ever in Europe.

The three robbers entered the museum a half-hour before its scheduled close Sunday. While one trained a pistol on museum personnel ordered to lie on the floor, the two others collected four paintings from the exhibition hall, police said.

The men, one of whom spoke German with a Slavic accent, loaded the paintings into a white vehicle parked out front. Police said the paintings may have been sticking out of the trunk as the robbers made their getaway.

A reward of $90,000 was offered for information leading to the recovery of the paintings - Claude Monet's "Poppy field at Vetheuil," Edgar Degas' "Ludovic Lepic and his Daughter," Vincent van Gogh's "Blooming Chestnut Branches" and Paul Cezanne's "Boy in the Red Waistcoat."

The FBI estimates the stolen art market at $6 billion annually, and Interpol has about 30,000 stolen works listed in its database. But while only a fraction of stolen art is ever found, such thefts are rare because of intense police investigations and the difficulty of selling the works.

"It's extremely hard, if not impossible, to sell these works," said Michaela Derra of Ketterer Kunst GmbH, a Munich, Germany-based purveyor of modern and contemporary art. "Maybe they think they can blackmail the insurance companies and get money for the paintings in return. But this is all speculation."

Police said the museum had not received any such demand.

Steve Thomas, head of art law at Irell & Manella LLP's Los Angeles office, said it was unlikely the robbery was commissioned by a private collector looking to stash art in a secret location.

He thought the motive most likely would be an insurance ransom, a reward or leverage for someone who could be facing prosecution for even bigger crimes.

"As values have skyrocketed, art has become more of a target, and we are seeing more and more major art thefts around the world," he said.

Last week, Swiss police reported two Pablo Picasso paintings were stolen from an exhibition near Zurich. The two oil paintings - "Tete de cheval" ("Head of horse") and Verre et pichet ("Glass and pitcher") - had been on loan from the Sprengel Museum in Hannover, Germany.

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