Thanks to the extraordinary value of art these days, supported by the need of the 1% to fill their homes with grand works, it is hardly surprising that criminals are attracted to this market. But let me suggest that current 3D printing technology may reduce the value of original art by allowing true “museum-quality” reproductions to be created at prices far below the cost of original or smuggled art, reducing the theft problem, while also allowing museums to expand their collections in an affordable way.
In March 2014, Bonhams withdrew a 2,000-year old Assyrian stele estimated at £600,000-£800,000 ($1m-$1.3m) and which was slated for auction on 3 April. The broken stone slab depicting a praying king – and containing a curse in cuneiform which would fall on anyone removing it from its site – was suspected of being looted from eastern Syria at an unknown date. The top half of the slab has been in the British Museum since the late 19th Century. Bonhams says that its piece was withdrawn for “further study”.