Dealing in stolen paintings can be extremely damaging for any auction house. Ultimately, it can result in your business being forced to close down, as your reputation will suffer a monumental hit and trust in your business will be destroyed. This is why due diligence services are of paramount importance.
Unfortunately, as an auction house, you are at high risk of being approached by thieves who want to use your business to get stolen goods off their hands and make a profit. Or, you may even fall victim to someone that has been duped by thieves themselves, and is so trying to use your auction house to sell stolen art without even realising it. Because of this, you need to act with extreme caution whenever you auction off any artwork. It is vital to carry out all of the necessary research so you can discover the origins and history of the art in question. This is imperative. If you were to deal in stolen artwork, most of your customers would stop trusting your auction house, as they would be worried that they could end up spending their money on a piece of art that has been stolen. This is the last thing you want to happen, so it is important to find an art recovery company with a comprehensive art loss register. By doing this, you will be able to search the details of every painting you come into contact with to make certain that it has not been reported as missing or stolen.
How To Get Your Stolen Artwork Recovered
Have you had the misfortune of having your artwork stolen? This can be an extremely upsetting thing for any private collector, especially if the piece is valuable, rare or holds special meaning. But, all is not lost, as there are ways to get your stolen art recovered.
Most people steal artwork so that they can sell it on for a profit, and, luckily, these people are a lot easier to track than fans that want to keep the work for themselves. This is because there is going to be trace, and you need to pick up on it if you are to uncover your artwork. The trace arises because the thieves are undoubtedly going to try and sell the art to dealers and collectors, either directly or via auction houses. Nowadays, these businesses and customers are aware of the fact that art theft is a problem, and they want to be certain that they are not buying something that has been reported as missing or stolen. This is why they will hire a private detective to carry out background checks and due diligence, and one of the main ways they do this is through searching an art loss register.
They will enter in the details of the art they have been offered to ensure it does not have a dubious history. If the art appears on the register, they will report it and take the necessary steps to ensure it is returned to its rightful owner. This highlights why it is vital to feature your art on a stolen art database. You may also want to consider using the services of a specialist art recovery group who can carry out investigations to try and determine who has your artwork.