RESOLVING THE LEDGER
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MILAN \u2014 Italian authorities recovered three artworks by Renoir, C\u00e9zanne and Matisse worth millions of euros that were stolen earlier this year from a private museum near the northern city of Parma, police said Friday.A statement from the Italian Carabinieri's art recovery squad said the artworks were discovered during searches ordered by prosecutors, but no details were given. The investigation is ongoing.The three recovered artworks are "Fish," a painting by Auguste Renoir, "Still Life with Cherries," a pencil and watercolor by Paul C\u00e9zanne, and "Odalisque on the Terrace," a color aquatint by Henri Matisse. Authorities said the C\u00e9zanne was valued at $7 million, the Renoir at $3.5 million, and the Matisse at $23,000.The heist at the Magnani Rocca Foundation, about 12 miles from Parma, took place on the night of March 22-23, with thieves forcing open the entrance door, police said.Local media reported that the thieves took the paintings in less than three minutes and escaped across the museum gardens.Established in 1977, the foundation hosts the collection of art historian Luigi Magnani and includes works by D\u00fcrer, Rubens, Van Dyck, Goya and Monet.The museum believes a structured and organized gang was responsible for the theft, which the alarm interrupted, local media reported.The crime followed a series of high-profile heists at major European museums, including the theft in October of French crown jewels and other items valued at $101 million from the Louvre in Paris.
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