Gold Hand Sculpture Stolen from Christie's

Auction houses are often in the news for the fantastic sums their works achieve, or for protesting they didn't know this or that work was looted or stolen. It's not often they are the victims of theft. This work by Turner prize-winner Douglas Gordon has been stolen from Christie's auction house. There are fears it is likely going to be melted down for its scrap value. Given the work is solid gold, that scrap value is considerable, likely £250,000. Apparently Christie's was not forthcoming about details of the theft to the artist, who was also the sculpture's owner:

He said Christie's only told him about the disappearance of the sculpture after he had spoken about the theft elsewhere. Gordon, who owns the work, said: "It is like someone borrowing your car, and then you finding out from a neighbour that it has been crashed," he said. "It looks like I am the last person in the chain to know." Gordon said he had first heard of the theft second-hand, from a curator, last week; a Christie's representative contacted him on the morning of 29 November, 16 days after the crime was reported to the police. Scotland Yard confirmed it was "investigating the alleged theft of a piece of artwork from a secure warehouse in the King Street area of Westminster. The incident was first reported to police on 12 November". A Christies's spokesman said: "This matter is under investigation and we are in contact with all parties involved. We cannot comment further." A source at the auction house said Gordon's gallery had been informed right away, and that a Christie's representative had attempted to contact the artist on 28 November. The theft from Christie's storage facility – which claims on its website "world-class security, management and expertise" – is likely to cause significant reputational damage for the auction house. A spokesman declined to comment on arrangements at the storage facility, citing the need to keep security measures confidential. A source said: "Given the sheer volume of works of art that come in, this as an extraordinarily rare thing to happen."

There are no reported details about the theft from the storage facility.

1. Charlote Higgins, Turner prize-winner’s work stolen from Christie’s, http://www.guardian.co.uk/artanddesign/2012/nov/29/turner-sculpture-stolen-christies (last visited Nov 29, 2012).