Monday, 6 December 2021

Michael Steinhardt and the return of antiquities valued at $70 million

Michael Steinhardt has agreed to hand over antiquities valued at $70 million (Karen Matthews, "Fund manager to turn over $70 million in stolen antiquities", ekathimerini.com December 6, 2021). Some 180 antiquities are due to be handed over (Dan Morgan, "Hedge-Fund Pioneer Michael Steinhardt Surrenders 180 Stolen Antiquities Valued at $70 Million, Manhattan DA Vance Says", nbcphiladelphia.com December 6, 2021). The antiquities are said to have been derived from 11 different countries, and passed through some 12 networks. Steinhardt has also agreed not to acquire any antiquities in the future; he will not be facing any criminal charges. 

Among the objects to be handed over is a Cretan larnax, a silver rhyton in the shape of a stag's head acquired from the Merrin Gallery, a fragmentary fresco acquired from Robert Hecht and Fritz Bürki.

Press Release from the New York District Attorney's Office: D.A. Vance: Michael Steinhardt Surrenders 180 Stolen Antiquities Valued at $70 Million, December 6, 2021.

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