5 Major Artworks Stolen in Paris

Illicit Cultural Property has a post about the theft of 5 important works of art from the Musee d'Art Moderne in Paris.

The value estimates are very rough, ranging already from 100-500 million Euro. Yet these works can never be sold in a legitimate market, so in one sense their market value means little.

Apparently, the gallery's alarm system was not working.

They also have a followup post on the reaction to the theft.

Much later followup: Three people have been arrested in the theft.
More: They claim to have thrown the paintings in the trash.