German authorities have announced that they have found 15 stolen paintings and drawings by the artist Georg Baselitz, representing an estimated value of €2.5 million.
In a press statement last month, the public prosecutor announced the arrest of a 51-year-old man accused of having stolen 19 paintings and drawings by the artist between June 2015 and March 2016. At the time, the man was working as a driver for a transport company in Munich. Two other people are under suspicion, in particular the son of the arrested man. The identities of the three people have not yet been made public.
The police tipped off by an insurance company that had noticed that the individuals in question were trying to sell works by Georg Baselitz for a sum much lower than their actual value. Aided by European investigators, the German authorities were able to trace the other stolen works that the suspects were also attempting to sell. The principal suspect was arrested as he returned to Germany on 21 August.
According to the Associated Press, four of the artist’s works are yet to be found. These were the most valuable, estimated at around €130,000 each.