Tuesday, September 7th, 2010

Police Seize Stash of Masterpieces Belonging to Founder of Dairy Company Parmalat

December 6, 2009 by All Art News  
Filed under Art Crime & Legal, Featured

ROME.- Italian tax police said Saturday that they had seized works by Van Gogh, Picasso, Cezanne and other giants of art in a crackdown on assets hidden by the disgraced founder of the collapsed dairy company Parmalat. Authorities estimated the 19 masterpieces stashed away in attics and basements were valued at some euro100 million ($150 million). Parma Prosecutor Gerardo Laguardia said that, based on wiretapped phone conversations, officials believed at least one of the paintings hidden by Calisto Tanzi was [...]