The curious case of the snatched Chagall

Two things to learn about this story:

 A painting by artist Marc Chagall was stolen from a Midtown art gallery late last month, according to the NYPD.

The painting is valued at over $5,000, police said. Three suspects broke into Carlton Fine Arts and took the painting around 2:12 a.m. on Sept. 25, authorities said on Friday.

 In the article we learn that the Chagall was valued at $5,000.

$5K for a Chagall? I was curious and thus I went to Christie's and found out that indeed, one can grab an original Chagall for around that price - check them out here.

More importantly, and a lesson for artists...

Do you know what happens if one of your works is stolen from a gallery show?

Another lesson on the importance of having a gallery contract that would specify what happens in the event that happens!

Stay tuned and I'll tell you what usually happens!