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January 3, 2013

Geneva – hub of the looted artefacts market

Posted at 2:03 pm in Similar cases

Many people in the past have told me that Geneva is the global hub for looted artefacts. Cases such as those involving Giacomo Medici only emphasise this fact.

The notion of the city as the ideal point of transfer for art deals taking place, well away from the public eye is exacerbated by the existence of free ports, which store artefacts, often purely for investment purposes – that will never see the light of day until they are maybe re-sold at some point in the future.

From:
BBC News

2 January 2013 Last updated at 00:52
Geneva’s art storage boom in uncertain times
By Imogen Foulkes BBC News, Geneva

It may contain a treasure trove of Picassos but few have ever explored the riches in the Geneva free port art storage site.

In difficult economic times, investors are turning to more unusual commodities to protect their money. Gold may be a tried and tested safe haven, but in recent years fine art has been attracting increasing amounts of cash.
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