D.A. Vance: Michael Steinhardt Surrenders 180 Stolen Antiquities Valued at $70 Million

Michael-Steinhardt-Surrenders-180-Stolen-AntiquitiesArt is an expression of beauty, proficiency, creativity, or emotions.

It is also considered an asset class and an investment.

Like all investments, art has its fraudsters.

An illustrious hedge fund honcho (Michael Steinhardt) has been collecting looted antiquities, with zero regards to their origins, nor the cultural and criminal consequences of his purchases.

He now has to surrender 180 pieces, estimated at $70m. He has received a lifetime ban on acquiring antiquities.

 

d-a-vance-michael-steinhardt-surrenders-180-stolen-antiquities-valued-at-70-million

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Written by Gontran de Quillacq

Gontran de Quillacq is an expert witness and a legal consultant. He is a recognized authority in options, trading, derivatives, structured products, portfolio management, hedge funds, mathematical finance, quantitative investment, strategy research and financial markets in general.

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