A report in Art Newspaper finds that a number of missing art cases may implicate international diplomatic representatives and embassy officials, including work missing from the Venezuelan embassy in DC. “The problem is that for the past two decades in Venezuela, there has been no accountability,” says dealer and adviser, Alex Stein, who used to head Sotheby’s Latin American department. “Not many art professionals are fully aware of all the art in the hands of governmental institutions, and communists ruling the country nationalize a few thousand private companies and banks. It’s hard to trace the assets because there is no public record of what was there in the first place.”
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