Marc Chagall, Eve (1971). Marc Chagall print theft raises questions about security. Image: Bonhams

The arrest of two suspects in the Marc Chagall print theft and recovery are reasons for jubilation. However, questions persist about the true value of the artwork.  

ARTCENTRON NEWS

NEW YORK, NY–Two suspects have been apprehended in connection with the theft of a print by Marc Chagall from a gallery in New York City. The incident occurred at Carlton Fine Arts‘ location on Madison Avenue, where three individuals forcibly entered the premises and absconded with the valuable lithograph.

The daring theft took place around 2:12 a.m. on September 25, leaving the gallery owner, Charles Saffati, and the art community in shock. The stolen artwork, identified as Eve (1971), had the value of approximately $100,000. The brazen act of burglary left authorities scrambling to track down the perpetrators and recover the stolen piece.

Apprehension of Suspects

Following an extensive investigation, the New York Police Department (NYPD) identified two individuals. Carlton Smith, 59, and Larry Nestman, 61 were arrested in December. Despite these apprehensions, one suspect remains at large, prompting ongoing efforts by law enforcement to bring them to justice.

Smith and Nestman are facing charges of burglary and criminal possession of stolen property. Additionally, Nestman faces an additional charge of criminal mischief. The legal proceedings surrounding the case will shed further light on the circumstances leading up to the theft and the subsequent recovery of the artwork.

Detective Joseph Metsopulos of the NYPD Major Case Squad expressed concern over the Marc Chagall print theft. More importantly, he highlights the significance of crimes occurring on Madison Avenue. The recovery of the stolen print astonished the gallery owner Charles Saffati, who initially believed it to be a surreal development. The jubilant return of the artwork was like winning the lottery, underscoring the rollercoaster emotion experienced by those involved.

Valuation Discrepancy

While initially appraised at $100,000, questions arose regarding the true value of the recovered print. Contrary to the initial assessment, suggestions emerged that similar prints from the same edition had sold for significantly less. Despite these revelations, the print is back to its place of prominence at the gallery, where patrons and art enthusiasts alike can once again admire it.

The arrests made in connection with the theft of a Marc Chagall print mark a significant breakthrough in the ongoing investigation. While questions surrounding the true value of the stolen artwork persist, its recovery serves as a testament to the collaborative efforts of law enforcement and the resilience of the art community. As legal proceedings unfold, the case continues to captivate attention and highlight the importance of safeguarding cultural treasures.