Friday, September 08, 2006

September 4, 1972 was it 17 or 18 or 50?


I'm starting to research the theft of some paintings from the Montreal Musee des beaux arts, and according to this website, 17 paintings were stolen, and they list them. This website says 18 but doesn't list them, and the Guide to the Collection of The Montreal Museum of Fine Arts says 'about fifty' with no list either. Obviously I'm going to have to get up from my computer at some point.

Oh, and this article in Forbes is wrong. If the Rembrandt that was stolen was in fact worth over $1,000,000 in 1972. There is absolutely no way that in 2003 it was worth $2,000,000. Even if it only appreciated a mere 5% per year (about the rate of bonds and very conservative) it would have been worth $4.5 million in 2003. Art is not a conservative investment, and Rembrandt's do not only appreciate at 5% annually.

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