The suspects currently on trial for the theft of seven paintings from a Rotterdam Museum have pledged to return five of the works if their trial is moved from Romania to the Netherlands, the BBC reports.  Including works by Monet and Picasso, the total value of the works has been estimated at €18 million, and were feared destroyed by the mother of one of the thieves.  “It is more likely the paintings are intact. My client says they can be handed over to the Dutch authorities. In exchange, they want to go on trial in the Netherlands.”  Said lawyer Maria Varsii. (more…)

A 1903 portrait painted by Pierre-Auguste Renoir, stolen from a Tokyo home last decade, was reportedly sold at Sotheby’s this past February, Japan Times reports.  The portrait, titled Madame Valtat, had disappeared from its original owner’s home along with works by Marc Chagall and Ikuo Hirayama in 2000.  Sotheby’s has stated that the work had been legally acquired by the seller, and that it will continue to investigate the sale, but the case may prove difficult to fully resolve, as the auction house keeps the names of its sellers confidential. (more…)

Fearing for her son, the suspect in the theft of seven paintings by Picasso, Monet and more from a Dutch Museum, a Romanian woman has come forth saying that she has burned the paintings in her stove.  Olga Dogaru, the mother of suspect Rodu Dogaru, had buried the works when her son was arrested, and finally destroyed them in February.  Investigators are analyzing the contents of her stove to check for evidence of the works, which were worth tens of millions of dollars. (more…)

Jean-Michel Basquiat’s Hannibal, seized by U.S. authorities during the investigation of Brazilian collector, former banker and convicted embezzler Edemar Cid Ferreira, has cast light on the use of fine art as an outlet for money laundering.  The current market for blue-chip fine art is often conducted with few questions asked, opening the door for an easy disposal of illicitly got income.  “You can have a transaction where the seller is listed as ‘private collection’ and the buyer is listed as ‘private collection,’ ” says Sharon Cohen Levin, chief of the asset forfeiture unit of the United States attorney’s office. “In any other business, no one would be able to get away with this.” (more…)

A pair of statues from the Metropolitan Museum of Art’s Southeast Asian collection will be sent back to Cambodia, officials announced this week.  The “Kneeling Attendants” were smuggled out of the country during the violent Cambodian civil war of the 1970’s, and were donated to the museum in the late 1980’s.  “This is a case in which additional information regarding the Kneeling Attendants has led the museum to consider facts that were not known at the time of the acquisition and to take the action we are announcing today,” said Met director Thomas P. Campbell. (more…)

The French Government has announced that it will return seven paintings taken from Jewish owners by invading Nazi forces in the early-to-mid 20th Century.  The hand-over is part of new efforts to return stolen works to their rightful owners.  “It’s as much a moral issue as a scientific one.”  Said French culture minister Aurélie Filippetti, who underlined a need for a “proactive search” to return all looted works to their rightful owners. (more…)

A small statuette stolen in 1901 from the Musée de la Chartreuse in Douai, France has been discovered and returned by the Museum of Fine Arts in Boston.  The statue’s origins were uncovered during a routine history check, and was promptly handed back to the French institution.  “We don’t want to hold onto, nor do we have any business holding onto, stolen objects,” says the MFA’s full-time provenance researcher, Victoria Reed. (more…)

Romanian authorities have arrested three men suspected of the theft of seven paintings by Pablo Picasso, Henri Matisse, Paul Gaugin, and others from a Rotterdam museum.  The paintings were stolen last October in an overnight break-in. While the works have yet to be recovered, police believe that they are hidden in an undisclosed location in Romania.   (more…)