Crime & Safety

Reward Bumped to $1 Million for Stolen Artwork

Big reward offered for the return of a Piet Mondrian painting, which owner Jeffrey Gundlach has called "extraordinarily rare" and "elegant." A burglar reportedly stole $10 million in pricey property from the Santa Monica resident.

Santa Monica resident and bond-fund manager Jeffrey Gundlach today announced additional rewards of $1 million and $500,000, respectively, for the return of two of more than a dozen artworks nabbed from his North of Montana home. 

Rewards of $1 million and $500,000, respectively, were offered for the safe return—or information leading to the safe return—of a Piet Mondrian painting, "Composition (A) en Rouge et Blanc," and the Jasper Johns painting, "Green Target."

Gundlach previously had announced a reward of $200,000 for information leading to the safe return of his stolen property, which also included 40 bottles of rare wine, currency, a red 2010 Porsche Carrera 4S that had been parked in the garage, and watches. That reward remains in effect.

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The loot was valued at $10 million, according to Santa Monica Police Department spokesman Sgt. Richard Lewis.

The home in the 500 block of 12th Street was burglarized over a two-day period in mid-September while the Doubleline Capital CEO was on a trip to New York, according to Santa Monica police.

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Gundlach has told the Los Angeles Times the Mondrian 1969 oil-on-canvas was "extraordinarily rare to begin with, but very few are as elegant and in the type of condition [as this one is]. You can wait years before any Mondrian comes to sale."

Anyone with information on the crime was asked to call Detective David Haro at (310) 458-8432, Sgt. Henry Ramirez at (310) 458-8453, or the Santa Monica Police Department's 24-hour line at (310) 458-8495.


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