Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Those Antiquities Traded for Arms Go to Russia, China, Japan—Then Everywhere

October 18, 2016 by Marion Maneker

Yesterday, Italy’s La Stampa reported solid evidence of illicit traffic in antiquities from Libya in exchange for illegal arms shipments. The Daily Beast followed up with more color:

Monday, Italy’s interior minister Angelino Alfano confirmed La Stampa’s reporting, adding that the Italian government is acutely aware that the illegal ring of art for arms funds Jihadist terrorism in nearby Libya. “We have studied the ‘GDP of terror’ and we know that one of the components is the commercialization of stolen art,” he told reporters. “The stolen artifacts feed ISIS and contribute to the GDP of terror.” […] According to Italy’s patrimony police, the bulk of the loot stolen from Libya ends up in private collections in Russia, China and Japan. Quirico was told that if he didn’t buy the marble statue head, it would go to someone in the United Arab Emirates, who had been looking for just such a piece. […]

According to art historian and journalist Luca Nannipieri, whose book The Art of Terror was released in Italy last week, much of the looted art sold by the so-called Islamic state ends up in museums, universities and foundations after it has been effectively ‘laundered’ and given false provenance documents that allow it to legally enter the mainstream market.

Italian Mob Trade Weapons with Looted Art from ISIS in Libya (The Daily Beast)

More from Art Market Monitor

  • Singapore and Six Other Nations Continue Investigation into 1MDB ProceedsSingapore and Six Other Nations Continue Investigation into 1MDB Proceeds
  • Swiss Newspaper Punctures Rybolovlev’s Theft Accusations Against BouvierSwiss Newspaper Punctures Rybolovlev’s Theft Accusations Against Bouvier
  • It's World Art, Not Arab ArtIt's World Art, Not Arab Art
  • Sotheby’s Milan Cont = €9.9mSotheby’s Milan Cont = €9.9m
  • Amy-isms for the New Era at Sotheby’sAmy-isms for the New Era at Sotheby’s
  • If You Build It, They Will Come (Frieze New York)If You Build It, They Will Come (Frieze New York)

Filed Under: General

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...