Call Us Now: (504) 282-7611

When Fine Art is Stolen, Held Hostage or Destroyed

While we hesitate to bring up politics or the world situation, art is suffering as it never has before. Today I posted on The Appraisal Group Facebook page (http://bit.ly/25w6acS.) a drone video of the destruction of ruins in Palmyra. Unfortunately, this is not a new subject. Terrorist groups have systematically destroyed ancient art that is the foundation of civilization.

i don’t wish disaster on anyone and my heart is heavy writing about this subject.  It does, however, make more sense than ever to know the value of what you own or want to pass on to family.  Here is another example of how times of crises can impact fine art collections.

In the mid-2000’s a Russian named Peter Konowaloff wrote to Yale University saying a work in their collection,  Van Gogh’s “Night Cafe”, was stolen from his family during the Russian Revolution. The same man had previously contested a work of art in the Met Museum, stating that it had been appropriated from his family.

The Yale case went on for several years. The Supreme Court recently upheld the United States “Act of State” doctrine that prevents US courts from second-guessing the policies of foreign governments. This refers to the Konowaloff claim. Yale keeps the painting. Its value is $200M.

A few years ago Hollywood put out the movie “Monuments Men”. It was an loose account of the efforts of our government to locate and catalog art the Nazis had stolen from homes. It is definitely worth seeing.

As I write this blog today, I weep for the people and the art being broken by wars. Pray it never happens here or to you.

Editor’s Note: Today’s featured image is Vincent Van Gogh’s “The Night Cafe”.

Leave a comment

Your email address will not be published. Required fields are marked *

Related Posts

Antiques Fairs & Flea Markets: Can You Trust Them?

With spring comes the opening of the great flea markets and antiques fairs, from Brimfield, MA, Dallas and Round Tree. TX, to Santa Fe, and New Hampshire, Wisconsin and beyond. The questions that h...

5 Steps To A Successful Fine Art and Antiques Appraisal

Because the world of antiques and fine art is a volatile one in which fair market values can change with the seasons and with taste, an appraisal on your fine arts and antiques, collectibles and co...

The FBI, Stolen Art & Your Fine Art Collection

Are you aware that the FBI maintains a database of stolen fine art and cultural property? The FBI also maintains a rapid deployment Art Crime Team (ACT) that swings into action when high profile ar...

When Is A Fine Art Forgery Not A Forgery?

A gentleman called me at The Appraisal Group recently to say he had inherited a painting by Degas. He hoped fervently that it was real but allowed that it might be a fake. As an antiques and fine a...

Buying Mid-Century Vintage Furniture

As a nation of style seekers, we have, for about the past fifteen years, embraced a new age of Minimalism. Young and mid-career collectors no doubt have fond memories of this furniture from their g...

$1M Appraisal Group Discovery Beats the Experts’ Estimate

NEW YORK,NY. (December 18, 2014) A David J. Goldberg “find” set Sotheby’s auction room ablaze on December 17th when the Louis Majorelle desk and chair he discovered in Carencro, LA made more than $...