Wednesday, October 17, 2012

Valuable 'Electric Cord' Painting Returned

Valuable 'Electric Cord' Painting Returned, The piece disappeared 42 years ago when Barbara Castelli's husband lost it at the cleaners. Stolen Lichtenstein painting returned to widow after 42 years, A stolen Roy Lichtenstein painting, missing for 42 years and now worth $4 million, was returned Tuesday to a New York widow whose art dealer husband purchased the piece in the 1960s for $750.

The piece disappeared after Greenwich Village art dealer Leo Castelli sent it out for cleaning in 1971 and apparently lost track of it, his widow said Tuesday.

"He remembered it and didn't know where it had gone," Barbara Castelli said at a news conference during which federal prosecutors and FBI agents returned the artwork to her.

She said she plans to hang the piece in her home.

Leo Castelli hosted Lichtenstein's first solo show in 1962, according to his gallery, and later purchased "Electric Cord," which depicts a tightly wound cord in black paint on an off-white canvas.


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