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Art Theft Italy: the 4.63 M$ Coup in L'Aquila Reconfigures the Risk of Investing in Picasso
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In a robbery that has shocked the Italian art market, ten assailants broke into the headquarters of Lilli Petroli’s fuel distributor in L’Aquila and took some 30 works of art valued at $4.63 million. Among the subtracted pieces — none of them assured — are bas-reliefs attributed to Pablo Picasso and a bronze dancer by Giacomo Manzù, a key Italian artist in twentieth century sculpture. Bruno d’Arcevia’s paintings and works by Mario Moretto also d…
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