Gundlach Art Collection Recovered, 2 Arrested

  • September 30, 2012 23:21

  • Email
A Hanson Duvall Puthuff painting was among the $10 million worth of art recovered by police for collector Jeffrey Gundlach last Thursday.

Bond manager Jeffrey Gundlach got his $10 million art collection back. Missing since Sept. 14, his collection of pricey examples by Piet Mondrian, Jasper Johns, Richard Diebenkorn and a variety of other artists, was recovered by police after a tip came in.

Gundlach had offered a $1.7 million reward for the safe return of his collection.

Police raided Al & Ed's Autosound in Pasadena based on the tip. They arrested the store manager, Jay Jeffrey Nieto, 45, on suspicion of possessing stolen property, and Wilmer Cadiz, 40, was arrested at his home. All but one of the paintings were recovered in the auto stereo shop while the last was found in a home in Glendale.

Gundlach had offered $1 million for the return of a Mondrian painting called “Composition (A) En Rouge Et Blanc,” which is said to be the highest ever reward for a single painting. It is unclear whether the tipster will be paid the reward money.

A Porsche and other valuables are still missing.

Read more at LA Times

  • Email

More News Feed Headlines

Doris Day in her swimsuit on a boat ride in Spain in the early 1950s.

Online Auction of Doris Day Estate Items Catapults to $3 Million, 10 Times Pre-Sale Low Estimate

  • Variety, for photos of Doris Day / April 6th, 2020

An online auction of memorabilia and estate items from popular mid-20th century singer and actress Doris Day fetched ...

Lockwood de Forest (1850 - 1932), "Moon in Trailing Clouds," May 1901, oil on canvas, courtesy Sullivan Goss Gallery

Starry Nights: Visions of the Night Sky—Wildling Museum Online Exhibit Explores Nocturne Painting, Astrophotography and Light Pollution

  • ArtfixDaily / April 5th, 2020

If you're enjoying the Pink Supermoon this week, pair your lunar looking with some nocturnes in art. The Wildling ...


Sotheby's 20th Century Design Sale Brings Record Online at $4 Million

  • ArtfixDaily / April 5th, 2020

A Sotheby’s auction last week brought a total of $4 million, the highest-ever result for an online sale of 20th ...

Part of the Addison Gallery's "Visualizing Poetry" curriculum is Winslow Homer (1836 - 1910) The West Wind, 1891.  Dimensions: 30 in.  x 44 in.

3 Kid-Friendly Projects from Museums To Do During School Closures

  • ArtfixDaily / April 4th, 2020

Sudden homeschooling takes a lot of juggling and tech support from parents who are trying to work from home, or are ...


ARTFIXdaily Artwire