AO Newslink

October 17th, 2012

Barbara Castelli with Lichtenstein Electric Cord via ReutersA Roy Lichtenstein painting, missing for 42 years has been returned to its owner by Federal authorities.  Barbara Castelli’s late husband, Leo Castelli, had purchased the painting in the 1960s for $750; it is now valued at $4 million. The piece was sent to be cleaned in 1971 and remained there unnoticed until the restorer’s widow said the the employee who had kept track of the painting asked her to find a buyer for him. She found a buyer in Colombia, not knowing it was stolen. When the buyer contacted the Lichtenstein Foundation to authenticate the work, the Foundation contacted Castelli, who alerted the FBI.Read the article via Reuters