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10/16/2009

Art Collector Waives Insurance Policy for Stolen Andy Warhol Paintings

art insurance, Andy Warhol, paintings
LOS ANGELES -- The LAPD would like to speak with art collector, Richard L. Weisman, the owner of 11 Andy Warhol paintings which he reported stolen from his home in early September.

That is, if they can track him down.

The elusive Weisman has apparently decided not to collect on his insurance policy for the missing fine art, estimated to be worth $25 million.

It seems unthinkable that anyone would settle for such a loss, but Weisman worries that an investigation would impose on his friends and family. "They turn you into a suspect," he explained, adding that he doesn't want his records being pored over by authorities.

Police say they do not have a suspect in the case as of yet.

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