Stolen Renoir, Cezanne, and Matisse Paintings Likely Uninsured
Three paintings by renowned artists Renoir, Cezanne, and Matisse were stolen from the Fondazione Magnani Rocca museum in Italy. The heist, which took place on March 22, lasted only three minutes. Market sources suggest that these artworks, valued at approximately $10 million, were likely uninsured due to the high cost of coverage. The stolen pieces include Cezanne's 'Tasse et Plat de Cerises,' Renoir's 'Les Poissons,' and Matisse's 'Odalisque sur la Terrasse.' The choice of these relatively low-value works from the museum's collection, which also features pieces by Monet and Rubens, surprised some experts. The lack of insurance for such artworks is not uncommon, as the cost is often prohibitive for museums.