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Posts Tagged ‘Paola Folon’

How a Routine Traffic Stop Led Italian Police to $3.6 Million in Stolen Art

Posted by Ram Kumar Shrestha on June 19, 2011

When Italian police stopped a car near Milan last month, they discovered more than they bargained for. Not only was the driver driving without a license, but he and his companion both had criminal records, and, more shockingly still, they had a painting by Giorgio Morandi worth €200,000 ($291,500) in the trunk. By the time this curious tale had wended its way to its conclusion, 12 paintings belonging to collector Paola Folon of Monaco had been recovered.

 

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A Warhol Mao similar to this one was recovered in Italy. / Courtesy Christie’s

At first the two men, aged 46 and 50, claimed that the painting was a gift, but police officers soon figured out that it was on Interpol‘s list of stolen artworks, France Soir reports. This discovery led investigators to an apartment building in Albenga, an Italian town near the French border, where they found a container that held a red Samsonite suitcase. Inside it were two more Morandi works, two images of Mao by Andy Warhol, a Léger painting from 1935, a work by Italian painterVirginio Ghiringhelli, a Balthus portrait, a painting by a 19th-century Japanese artist, and a work by a 19th-century Indian artist. All told, the stash has been estimated at €2.5 million ($3.6 million). Read the rest of this entry »

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