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Stealing Art Isn't Hard; Getting Decent Money for It Is

April 18, 2011 by Marion Maneker

A Hamptons laborer stolen $500,000 worth of art from homes he was working on but got caught when he sold them for way too little:

Angel Palencia’s victims included lawyer and socialite Joanne “Jo” Hallingby, the widow of a Bear Stearns billionaire, whose Southampton house was looted of a dozen paintings worth $250,000 in early February, cops said.

The priciest single painting stolen in January and February was titled “In the Vineyard,” by 19th-century artist Daniel Ridgway Knight. It was valued at $140,000.

Palencia, 24, of Medford, LI, allegedly heisted that piece from a $25.5 million East Hampton home on Lily Pond Lane owned by real-estate honcho Richard Parkoff, and then sold it for just $1,500 to a Mineola antiques store, police said.

Stolen LI Art at a Discount (NY Post)

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Filed Under: Fraud, Theft & Restitution

About Marion Maneker

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