• Sweden edition
Business & Money

Matisse stolen in Stockholm found in UK

Published: 8 Jan 13 06:54 CET | Print version
Online: http://www.thelocal.se/45476/20130108/

A Matisse painting stolen 25 years ago from the Museum of Modern Art (Moderna museet) in Stockholm has turned up in the UK, where a dealer had hoped to sell it on behalf of an elderly Polish client, it emerged on Monday.

Henri Matisse's "Le Jardin", an oil on canvas from 1920 that is now worth about $1 million (€760,000), was found when art dealer Charles Roberts ran it through a global database of stolen art -- standard practice before a sale.

The team at the Art Loss Register quickly identified the painting as the one stolen from the Swedish museum on May 11, 1987, when a burglar broke in with a sledgehammer and made off with the artwork in the early hours of the morning.

Several attempts were made to ransom the painting or sell it back to the museum for a huge sum, according to reports at the time, but the museum refused, and the trail went cold -- until last month.

Within a few days of matching the Matisse with the stolen painting on the database, a specialist had taken possession of the work and put it in his safe, where it is now awaiting delivery to the Swedish museum.

Roberts, who runs Charles Fine Art in Essex, east of London, said he had been asked to sell the painting by an elderly man in Poland who had owned it since the 1990s and now wanted to raise money for his grandchildren.

Given that the dealer did not know who owned the Matisse before that, Roberts ran it through the Art Loss Register to check its provenance.

"I didn't anticipate hearing that it had been stolen. It came as quite a shock to find that out," Roberts told AFP.

"It would have been good all round, but unfortunately it wasn't to be. As soon as I was informed of its status there was no question about doing anything but returning it."

The Polish man had bought it "in good faith", Roberts said, and when he told him it was stolen and could not be sold, the man "was bewildered, taken aback, although he did say, 'So it definitely is a real one?'"

The director of the Swedish museum at the time of the theft had told reporters that the painting was too well-known to sell on the open market, and this is likely why it had been missing for so long.

Christopher A. Marinello, the art recovery specialist and lawyer who has locked the work in his safe, said:

"Stolen artwork has no real value in the legitimate marketplace and will eventually resurface.... It's just a matter of waiting it out."

AFP/The Local/dl
Follow The Local on Twitter

What do you think? Leave your comment below.

For more pics, tips and news from Stockholm - visit The Local's new Stockholm section.

Your comments about this article:

The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.

13:03 January 8, 2013 by Hisingen
And this is today's news ? ? ?
ADD YOUR COMMENT   (YOU MUST LOG IN OR REGISTER TO MAKE A COMMENT)
Business & Money headlines
Riksbank unveils new board members

Riksbank unveils new board members

Sweden's central bank has appointed two new board members plucked from banking and academia to replace two outgoing members, one of whom was an outspoken critic of the Riksbank's commitment to the government's inflation goal. READ () »

350 jobs lost as Ericsson shuts Swedish factory

350 jobs lost as Ericsson shuts Swedish factory

Swedish telecom giant Ericsson has buckled under the pressure of European competition and will turn off the switch on a cable production plant in Sweden, leaving 350 employees without jobs. READ () »

Sweden has 'lower tax burden' than Senegal

Sweden has 'lower tax burden' than Senegal

While Sweden has a reputation for having one of the most painful tax bills in the world, a new report ranks Sweden 20th when comparing the tax burden on salaries when social security payments and salary brackets are taken into account. READ () »

Ericsson probed over suspected bribes

Ericsson probed over suspected bribes

Swedish telecom equipment maker Ericsson is suspected of having bribed ministers in Romania in connection with being awarded a contract for the country's emergency number and is now under investigation in the United States. READ () »

Warning over 'long-term' Swedish export slump

Warning over 'long-term' Swedish export slump

Sweden's largest business confederation has gone out guns blazing, criticizing politicians for not facing up to the challenges of "a lost year for Swedish exports" in 2012. READ () »

'Lean hospital a sign of Swedish welfare reform'

'Lean hospital a sign of Swedish welfare reform'

A Stockholm hospital saved from closure by private health care providers has been hailed by the Economist as one of modern's Sweden public-private success stories. READ () »

H&M mulls production in South America and Africa

H&M mulls production in South America and Africa

Swedish clothing giant H&M is looking into the possibility of sourcing its production to South America, Central America, and even Africa, chief executive Karl-Johan Persson said on Monday. READ () »

Nord Stream plans new gas pipelines

Nord Stream plans new gas pipelines

Gas pipeline firm Nord Stream will hold an information meeting on the Baltic island of Gotland on Monday to introduce a proposal to extend its controversial gas pipeline project. READ () »

'Sweden next in line for housing market crash'

'Sweden next in line for housing market crash'

Sweden tops a list of countries that risk suffering a housing market crash, Germany's Commerzbank has warned, citing the slackening off of Swedish property prices as a harbinger of a potential downswing. READ () »

Solna voted best place to live in Sweden

Solna voted best place to live in Sweden

Solna, a suburb just north of Stockholm, is the best place to live in Sweden, according to a new ranking published on Friday by Swedish news magazine Fokus. READ () »

More Business & Money

Find a new job in Sweden now
22/05 Accountant to Bank of China
Sjr Ab
Stockholm
22/05 Accountant to Bank of China
SJR AB
Stockholm, STHM
22/05 Accounting Manager
Michael Page
Göteborg
22/05 Accounting Manager
Michael Page
Göteborg, VTG
22/05 Architectural Engineer #8409
Aker Advantage
Stockholm
22/05 Business Developer/Account Manager
TransPerfect Translations
Stockholm, STHM
22/05 CAD/PDM Support Engineer
European Spallation Source ESS AB
SKÅ
22/05 Controller Tele2 Group Product
Tele2
Kista
22/05 Driven och social nätverkstekniker till ett av världens mest kaenda foeretag
Academic Work
Stockholm, STHM
22/05 Head of Product Control - If Industrial
IF skadeförsäkring
Stockholm, Nordic

ALL JOBS »


 
Latest Business & Money news from Germany
Counseling in English
Individuals & Couples - Stockholm Beth Rogerson PhD - Clinical, Marriage & Family Therapist
Click or call 08-5580 1266 now
Trade binary options
Create an account with Banc De Binary, the world’s most reputable binary options firm, and start cashing in today! You can start by practicing with our free $50,000 demo account.
www.bbinary.com
Therapy in English
Expat counsellor & talk therapist offers counselling for stress, relationship issues, sexuality, culture adjustment & life coaching. Private & confidential. Stockholm or Skype. Contact me today! 08-559 22 636 or
CLICK HERE
Holiday Luxury Villa in Portugal
Casa Birgitta in Algarve, Portugal. Reduced price in best location. Private estate on white sand beach. All amenities included. Book here today! edward_george1@hotmail.com
The Local's new Marketplace
Find products and services that are specifically focused on English speakers living in Sweden!
FULL DETAILS