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$500 Million Art Theft Mystery

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Mar 12, 2004, 1:58:24 PM3/12/04
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Art of the Deal
New Clues, Possible Deals in $500 Million Gardner Museum Art Theft
Mystery

By Brian Ross and Jill Rackmill


March 11 — Two Polaroid photos in a plain envelope with no return
address arrived by mail at the ABCNEWS office in New York. But despite
their source's anonymity, if authentic, they could provide clues into a
heist the FBI calls the largest art theft in American history.


They were photos of what appeared to be a missing Rembrandt masterpiece,
stolen on March 18, 1990, from Boston's Isabella Stewart Gardner Museum,
a four-story museum packed with priceless masterpieces from the
collection of socialite Isabella Stewart Gardner.

The alleged Rembrandt was placed atop of a Boston Globe front page to
show the date and next to a tape measure to show it to be the size of
the rare self-portrait, which isn't much bigger than a postage stamp —
but is priceless.

The photo could be an elaborate hoax. But, if authentic, it could prove
that the Rembrandt still exists and could be an important clue in a case
that for 14 years, the FBI has been unable to break.

After a seven-year investigation into this case, ABCNEWS has learned of
a secret 1997 meeting between a one-time member of an art theft ring and
museum officials, and that a new deal with the FBI may be in the works.

The 1990 break-in led to an international search for the 12
masterpieces, including works by Rembrandt, Vermeer, Degas and others,
which are likely worth as much as a half-billion dollars, according to
the museum and the FBI.

View images of the missing masterpieces

"To have art of that quality … taken and never to be seen, never to be
appreciated by anybody again, is a devastating impact on the city and
frankly, on the art world," said Donald Stern, the former U.S. attorney
for Massachusetts.

Despite a $5 million reward, the art is still missing and law
enforcement is no closer to making an arrest. When asked if he thought
the investigation has been, so far, a failure, Stern responded, "I guess
you have to say that."
http://abcnews.go.com/sections/Primetime/WorldNewsTonight/gardner_art_theft_040311-1.html

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