American billionaire who buys stolen art must return 180 pieces | Globalism

Steinhardt’s wealth is related to hedge funds, a type of fund that invests in operations that are considered riskier. Steinhardt, 81, is from New York and makes contributions to New York University and several charitable organizations associated with the area’s Jewish community.

There is an exhibit named after him at the Metropolitan Museum of Art and a space named after him in Brooklyn Botanical Gardens, a county in New York.

Prosecutors and Steinhardt signed an agreement after four years of investigations.

It turns out that the pieces were stolen from 11 different countries, and that there are 12 old smuggling networks. The parts will be delivered to the following countries:

• Bulgaria,
• Egypt,
• Greece,
• Iraq,
• Israel,
• Italy,
• Jordan,
• Lebanon ,
• Syrian Arab Republic,
• Turkey.

And the art pieces appeared on the art market even without the necessary documents, according to the promoters.

“For decades, Michael Steinhardt displayed a voracious appetite for stolen artifacts, unconcerned about the legality of his holdings, whether the pieces he bought and sold were legitimate, or the cultural damage he caused worldwide,” the attorney general said. Vance Jr.

See below a video about the auction of the Brazilian banker Edimar Ced Ferreira’s group auction.

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