NEW YORK.- AXA Art Insurance announced a $25,000 reward for credible information leading to the location, recovery and return of two Picasso prints and conviction of the responsible parties.
"Jacqueline Lisant" and "Le Repas Frugel" were burglarized from the Biba St. Croix art gallery in Palm Beach at 3:30 a.m. on May 22nd, 2008. Burglars gained access by entering the back of the insured's gallery and breaking though a door that leads to a sculpture garden. The insured was notified of a burglary in progress when the alarm and motion sensors went off.
The Palm Beach Police are conducting a comprehensive investigation on this loss. Police authorities believe that the burglars were very familiar with the location as they entered through the back of the gallery to take artworks that were located in the front of the gallery, bypassing other works of art along the way.
As part of its standard operating procedure, AXA Art has registered the missing objects with the appropriate authorities and is working closely with the Palm Beach Police. Additionally, the Art Loss Register has been notified of the missing paintings.
AXA Art and the Palm Beach authorities are appealing to the public for help. Anyone with information leading to the whereabouts of the two missing Picasso prints may confidentially contact Detective Mike Lynch from the Palm Beach Police Department at 561-227-6370.