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Confiscation of a Stolen WorkIf it is determined that a work of art you own is stolen, the legal authorities will confiscate (take) that work of art. Will I get my money back?If you bought the work from a reputable gallery, they should offer you a full refund. Remember to ask the gallery if they guarantee all the works they sell. RewardsInsurance companies often post rewards for the recovery of stolen works of art. This can be a high as 10% of the works insured value. InsuranceOdds are you are not insured if you purchased a stolen work of art and it is taken from you by the authorities. A work of art I own is stolen, now what?That all depends on what the police or FBI have to say. They may suggest that you contact the gallery you bought the work from, or they may want to contact them directly. TitleA word used to describe legal ownership of a work of art. I found a stolen work of art - now what?Contact the appropriate agencies. The FBI has a special division dedicated to the recovery of stolen artwork. Does the work have clear title?This is often difficult to determine, as provenance for many works often have breaks in them. You must make sure that the gallery you deal with is a reputable one and will stand behind every work they offer for sale. Good TitlePhrase used to describe the fact that the seller has the right to sell the work of art. BasicsThis is an interesting and complicated topic. They say that more than $1 billion in art is stolen each year - where does it all go? We will cover a number of different sub-topics including: what to do if you find a stolen work of art, and how can you be sure that a work of art you are considering is not a stolen work? Is the work I have stolen?There are a number of publications and agencies that can help you determine if a work of art is stolen… check out my links.
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