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Tuesday 21 December 2010

Multimillion-euro Spanish artworks sold as €30 scrap | World news | The Guardian


16:13 |

Multimillion-euro Spanish artworks sold as €30 scrap | World news | The Guardian: "They may not be to everyone's taste, but the iron sculptures of the Spanish artist Eduardo Chillida are worth considerably more than the €30 (£25) that a Madrid scrap merchant was asked to pay.

Bath People Art Poster Print by Fernando Botero, 15x21Police said that was the price offered to the merchant by a band of thieves who stole a truck-load of works by Chillida, Pablo Picasso, Fernando Botero and other contemporary Hispanic artists four weeks ago.

The thieves seem to have had little idea about the true value of their haul. A medium-sized Chillida in steel can fetch up to €2.5 million. A smaller steel sculpture fetched €1.5m at Sotheby's in 2006, four years after the death of the sculptor, who also worked in granite.

Police said today they had recovered 34 of the 35 works which had been stolen when thieves broke into the Crisóstomo warehouse in Getafe, near Madrid, and used the keys kept in the truck's glovebox to drive off with a haul valued at €5m."


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