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Why Art Theft Is Such Big Business

April 13, 2015 by John Corder

The Downfall Of America’s Greatest Treasure Hunter http://testu.be/1yeBL5x
Subscribe! http://bitly.com/1iLOHml

Almost 100,000 artworks are stolen every year. In 1990, two thieves stole 13 paintings, worth half a billion dollars. So, what’s the deal with art-napping?

Learn More:
After Drugs and Guns, Art Theft Is the Biggest Criminal Enterprise in the World
http://www.newsweek.com/2014/07/18/after-drugs-and-guns-art-theft-biggest-criminal-enterprise-world-260386.html
“June 2014, and an unusual three-day conference is taking place in the basement room of New York University’s School of Law. ”

Recovery rate for stolen art as low as 1.5%
http://www.theartnewspaper.com/articles/Recovery-rate-for-stolen-art-as-low-as-/31145
“The rate of recovery and successful prosecution in cases of art theft is startlingly low, with one expert putting it at only 1.5% globally, The Art Newspaper has learned, underlining the challenges of identifying and returning stolen works.”

Nazi-looted Rothschild art goes to MFA
http://www.bostonglobe.com/arts/2015/02/22/rothschild-heirs-donate-works-once-looted-nazis-mfa/64Axq5tuhcHrKxR4kVI0sI/story.html
“‘Geronimo!’ That’s the message Matthew Looram cabled his mother-in-law, as the train carrying hundreds of the Rothschild family’s artworks barreled through the Austrian Alps and into Switzerland.”

Watch More:
The Downfall Of America’s Greatest Treasure Hunter

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Filed Under: business

Comments

  1. TestTube says

    April 13, 2015 at 7:03 am

  2. AGER says

    April 13, 2015 at 7:07 am

    I like how Test Tube upload a couple of videos a day… Can anybody
    recommend me channels like this that talk about real world topics?

  3. Uiharu Kazari says

    April 13, 2015 at 7:08 am

    Art thieves are big guys.

  4. Anton Pressley says

    April 13, 2015 at 7:14 am

    Its the third biggest crime but nothing is really done. I think i know why.

  5. Achillez says

    April 13, 2015 at 7:23 am

    Payday 2 anyone?

  6. Jonny Power says

    April 13, 2015 at 7:31 am

    Surprised the big heist in London (largest in UK’s history) didn’t get
    mentioned as it was only a week ago!

  7. MisterTipp says

    April 13, 2015 at 7:31 am

    Isn’t it about time TestTube talks about the still ongoing illegal Turkish
    occupation of Cyprus?

  8. Viktor Abz says

    April 13, 2015 at 7:37 am

    Why funding ISIS is such a big business.

  9. Muhammad Mirsab says

    April 13, 2015 at 7:47 am

    Exactly, I always wondered who would buy stolen art when they can’t display
    it! By the way u didn’t answer the question in the title, u should’ve told
    who buys it and what they do with it. I think they ask for ransom…

  10. Adolf Hitler says

    April 13, 2015 at 7:48 am

    I’m still waiting the day when someone steals that ugly painting called
    Mona fugly lisa.

  11. Flintstoned says

    April 13, 2015 at 7:49 am

    Popcorn isn’t real.

    *grabs god

  12. Alex Black says

    April 13, 2015 at 8:15 am

    There wouldn’t be so much drug, gun, and art crime if America had a
    government of the working class who looked after people well enough so they
    wouldn’t need to steal. 

  13. shazlfc ronaldo says

    April 13, 2015 at 8:21 am

    Okay need a squad of 5 people who’s in?? We all go halves

  14. Leader IM says

    April 13, 2015 at 8:21 am

    How powerful is Art

  15. Tatha Mondal says

    April 13, 2015 at 8:35 am

    Stealing art is an amazing art itself.

  16. Zodiac says

    April 13, 2015 at 8:54 am

    How powerful is Saudi Arabia ?

  17. KGODSMACKC says

    April 13, 2015 at 9:07 am

    Rockstar should take notes here and pull out some art heists in their next
    update…

  18. TheMrRedSir says

    April 13, 2015 at 9:41 am

    How powerful is Kazakhstan, Mongolia, Kyrgyzstan, Turkmenistan, and
    Uzbekistan?

  19. Barny Elbourn says

    April 13, 2015 at 9:49 am

    How powerful would Scotland have been?
    How powerful would the UK have been left?

  20. Thomas Allister says

    April 13, 2015 at 10:22 am

    How powerful is Madagascar?

  21. dokkiro says

    April 13, 2015 at 11:37 am

    Why Art Theft Is Such Big Business: http://youtu.be/ltUMeYxMpNY

  22. SangoProductions21 says

    April 13, 2015 at 11:59 am

    YOU belong in a museum.

  23. Mohammed AL-Buainain says

    April 13, 2015 at 12:42 pm

    Why ISIS is destroying antiquities in Iraq ?

    http://www.usatoday.com/story/news/world/2015/04/12/video-islamic-state-nimrud/25667399/
    

  24. William Arnold says

    April 13, 2015 at 1:02 pm

    Who are the most oppressed people/persons in the world.

  25. bballercheetahfan3 says

    April 13, 2015 at 1:27 pm

    This ain”t assassin’s creed unity.

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