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.
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.
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.