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Bond fund star Gundlach offers $2.1m reward for stolen art

Published on Sep 25, 2012 8:18 AM
 
Superstar bond fund manager Jeffrey Gundlach, whose collections of art, pricey watches and fine wine were recently plundered by burglars, conducts a news conference to announce rewards for the return of the items in Los Angeles, California on Sept 24, 2012. -- PHOTO: REUTERS

LOS ANGELES (REUTERS) - Superstar bond fund manager Jeffrey Gundlach, whose collections of art, pricey watches and fine wine were recently plundered by burglars, offered a new reward of up to US$1.7 million (S$2.1 million) for information leading to the safe return of 13 stolen works.

The overall value of the property taken from Mr Gundlach's home in the coastal town of Santa Monica, near Los Angeles, two weeks ago was placed at more than US$10 million, including a red Porsche Carrera 4S sports car the thieves apparently drove away in.

But the bulk of the massive heist consisted of rare, one-of-a-kind works by contemporary painter Jasper Johns, who last year won the Presidential Medal of Freedom, the late Dutch abstract artist Piet Mondrian and several other artists.

During a news conference in Los Angeles on Monday, Mr Gundlach said a US$200,000 reward initially offered for tips leading to the undamaged return of his art works remains in place.

 
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