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brazilian authorities search bank ceo art assets 1234774000

Brazilian authorities are targeting the art collection and luxury assets of Daniel Vorcaro, the CEO of the recently liquidated Banco Master SA, as part of a massive fraud investigation. Following the bank's collapse due to insolvency and regulatory violations, liquidators filed subpoenas in a Miami federal court to probe Vorcaro’s dealings with blue-chip galleries and auction houses. Officials believe the financier may have funneled bank funds into high-value artworks and real estate to shield his wealth.

jewels buddha auction sothebys hong kong piprahwa gems 1234740600

Sotheby’s Hong Kong will auction a collection of several hundred ancient Indian gem relics linked to Buddha’s mortal remains, known as the Piprahwa Gems, on May 7. The gems, dating to the Mauryan Empire (circa 240–200 BC), were unearthed in 1898 by British engineer William Caxton Peppé in Piprahwa, India, and have been held in a private British collection for over a century. The sale is estimated at HK$100 million (about $12.9 million USD).

national museum of asian art returns sculptures to cambodia 1234766709

On December 11, the National Museum of Asian Art (NMAA), part of the Smithsonian Institution in Washington, D.C., announced it is returning three Khmer period sculptures to Cambodia. The works—a 10th-century Uma, a 10th-century Harihara, and a circa-1200 Prajnaparamita—were determined to have been likely looted during Cambodia’s civil war (1967–1975), based on research with Cambodian authorities, lack of export documentation, and links to dealers known for trafficking looted antiquities.

manhattan da office repatriates artifacts peru 1234742639

The Manhattan District Attorney’s Office returned eight artifacts to Peru during a ceremony at the Peruvian consulate in New York on May 15. The repatriated items include funerary objects illegally taken from tombs in northern Peru during the 1960s and ’70s, a copper mask believed to represent the Moche deity Ai Apaec (circa 300 BCE) from the looted Loma Negra site, and a ceramic portrait vessel from the Chavín culture (1000–700 BCE). This is the second time New York officials have returned a group of works to Peru.