Reuters is reporting that through an international coordinated police action, the Cezanne painting Boy in a Red Waistcoat stolen from the E. G. Buehrle Collection in Zurich in 2008 has been recovered in Serbia. Police nabbed four men in Belgrade and the town of Cacak two days ago after handing over a 2.8 million euro ransom. The painting was stolen by masked robbers at gunpoint along with aMonet, van Gogh, and a Degas. The van Gogh and Monet were recovered shortly after the theft, however the Degas is still missing.
The painting was found in the door panel of a car and Reuters reports that at the press confernce,
Serbian Interior Minister Ivica Dacic said during the action dubbed Operation Waistcoat, police also seized about 1.5 million euros in cash, four vehicles, weapons and ammunition.
“I don’t think we have ever had a more valuable arrest,” Dacic said. “The painting will now be guarded by police and returned to its owner.”
The Buehrle collection, one of the most important 20th-century private holdings of European art, was amassed by the industrialist Emil Georg Buehrle, who derived his wealth from producing and selling anti-aircraft guns.