Zurich Admits It Cannot Account for over 5,000 Works of Now Missing Art

December 12th, 2012

After conducting its first physical inventory in roughly a century, the city realized that approximately 15% of its collection, or 5,176 artworks, were missing. This number includes 1,400 unique objects with unknown whereabouts from the collection, which is spread over 500 locations and is valued in total at €100 million. Among the works that are unaccounted for is a Le Corbusier painting which was purchased for 80,000 Swiss francs; however according to the city’s statement, the remainder of the missing objects had only been insured at a value of 1 million Swiss francs.

Read the article via AFP