Number of Artworks Registered as Stolen in 2012

in Transnational Crime

As of April 2012, there were  350,000 stolen artworks from around the world listed in the database of the Art Loss Register.

The artwork is traded in the black market and used as a collateral for roughly 5 to 10 percent of its appraised value.

In a report by ABC News, the most highly valued art pieces have a value of over $1 Billion.

(More statistics about stolen artwork.)

Source:  Collen Curry, “The Most Valuable Works of Stolen Art No One Can Find,” ABC News, April 14, 2012.

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