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$200K offered for return of paintings

September 9, 2008 12:00:00 AM PDT
A $200,000 reward is being offered for the return of several paintings stolen from a home in Encino on August 23.The nine paintings stolen in broad daylight from a private residence are worth millions. It includes pieces from Marc Chagall and Diego Rivera. Authorities couldn't say how much the paintings were worth.

Richard Rice, a senior art consultant with Galerie Michael in Beverly Hills, says the collection is worth millions.

"These are all in the high six-figure into the seven-figure price range. They're very, very sophisticated," Rice said.

However, without proper certificates of authenticity or a track history, the paintings will be nearly impossible to resell for anything near what they're really worth. In fact, most of the high-profile pieces stolen around the world have been returned because they couldn't be resold.

Experts think these thieves will run into the same road blocks with this collection.

Police say the owners of the artwork have put up a $200,000 reward for the return of the paintings.

Anyone with information about the theft is urged to call the LAPD at (877) LAW-FULL, or (877) 529-3855.

 

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