Free Site Registration


More Debits & Credits Posts

Tax Inspectors Uncover a Stolen Van Gogh Painting

Print
Email
Reprints
By Michael Cohn
May 14, 2014

A group of tax inspectors in Spain were surprised to find a long-lost painting from the brush of Vincent Van Gogh inside the safety deposit box of a tax scofflaw.

Spanish authorities have been cracking down on tax delinquents as the country slowly emerges from recession. As part of the effort, the tax authorities got access to 542 bank safety deposit boxes of 551 individuals who owed over 300 million euros in taxes in an effort to seize some of their hidden assets.

They found a secret prize in the safety deposit box of one tax debtor, an 1889 Impressionist landscape entitled “Cypress, Sky and Country,” which went missing from a museum in Vienna nearly 40 years ago, according to Reuters.

The 13.7- by 12.5-inch painting has not yet been authenticated, but so far the tax authorities have managed to seize about 2 million euros worth of assets from the safety deposit boxes they’ve been able to open so far. Over a hundred of the boxes have not been opened yet because of court challenges, according to Artnet News. A photo of the recovered painting is shown in the Artnet article. The self-portrait in this article is a public domain image of one of Van Gogh's paintings, which thankfully remains on exhibit at the Van Gogh Museum in Amsterdam.

There’s no telling what the tax inspectors will find next. Maybe Vincent’s missing ear?

0 Comments

Be the first to comment on this post using the section below.

Add Your Comments...

Already Registered?

If you have already registered to Debits & Credits, please use the form below to login. When completed you will immeditely be directed to post a comment.

Forgot your password?

Not Registered?

You must be registered to post a comment. Click here to register.


Twitter
Facebook
LinkedIn
Follow Accounting Today