by The Matchbox
7:50pm, 11th June, 2016
Few artworks including that of Picasso were stolen from a German Bank. These artworks cost only Rs 7.5 crores. So chill!
On Monday, 18th April, Several artworks, including 11 lithographs by Pablo Picasso, were stolen from the corporate collection of Portigon AG, a financial services company from North RhineWestphalia. The total insurance value of artworks stolen is estimated at €1.1 million (Rs 7.5 Crores), but their market value could be much higher. In addition to the 11 lithographs from Picasso’s famous bull series, a painting by the expressionist Gabriele Münter is also missing from the vault. Portigon was formed in 2012 as the legal successor WestLB, the Western German state Bank. A spokesperson for the company confirmed the theft this past Friday in Düsseldorf.