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Rating:The Media Parties On Over the Gundlach Burglary Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 25, 2012

The Media Parties On Over the Gundlach Burglary

News summary by MFWire's editors

The media is all over the rewards Jeff Gundlach has offered for the recovery of $10 million worth art stolen from the notorious DoubleLine Capital CEO.

Media including Bloomberg, the Los Angeles Times and Gallerist NY covered the reward Gundlach offered during a conference call for the return of his goods.

The Financial Times even notes that Gundlach's reward fast approaches the largest proposed reward on record. That record is $5 million for Jan Vermeer, Rembrandt and Manet paintings stolen from Boston's Garnder Museum by two men on St. Patrick's day in 1990. Those paintings have not yet been recovered.

It's clear that reporters are having a bit of a blast with the news. Kevin Roose of New York Magazine called Gundlach an "art obsessive," recalling an incident where Gundlach sized him up as a "Rembrandt guy." Adds Roose, "I didn't and still don't know whether it was a compliment."

Whatever the humor exacted at Gundlach's current panic, however, it seems safe to say that most of the media also affords him a good bit of sympathy for the loss. While Joshua Brown of blog The Reformed Broker refers to the thieves as "some sonofabitch(es)," Roose makes a more plangent plea for mercy for the poor CEO.

"So please, art thieves and potential tipsters, do a mitzvah," Roose writes. "Stop the pain, and help return the paintings."

Want a reminder of what was stolen and what rewards Gundlach is offering? Read the corresponding MFWire stories here and here

Edited by: Irene Park

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