Bond-Fund Manager Ups the Ante for Safe Return of Stolen Art

Police say Jeff Gundlach's Santa Monica home was burglarized earlier this month and estimate thieves made off with $10 million worth of art, jewelry and vehicles.

By Beverly White
|  Tuesday, Sep 25, 2012  |  Updated 6:45 AM PDT
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Bond-fund manager Jeff Gundlach upped the ante on Monday to get his stolen art work back after an alleged heist at his Santa Monica home earlier this month. Beverly White reports from Santa Monica for the NBC4 News at 11 p.m. on Sept. 24, 2012.

Bond-fund manager Jeff Gundlach upped the ante on Monday to get his stolen art work back after an alleged heist at his Santa Monica home earlier this month. Beverly White reports from Santa Monica for the NBC4 News at 11 p.m. on Sept. 24, 2012.

Photos and Videos

High End Art Heist in Santa Monica

Police are investigating a multi-million dollar art heist in Santa Monica. The crooks also took a Porsche. NBC's Beverly White reports at 11 p.m. news on Wednesday, Sept. 19, 2012.
More Photos and Videos

Bond-fund manager Jeff Gundlach upped the ante on Monday to get his stolen art work back after an alleged heist at his Santa Monica home earlier this month.

"The reward for these thirteen or fourteen altogether is $1.7 million dollars for the successful return, or information leading up to the successful return of this artwork undamaged," said Gunglach, founder of DoubleLine Capital.

The bulk of that reward – $1 million of it – is dedicated solely to the safe return of “Composition (A) En Rouge Et Blanc,” an oil-on-canvas piece by Piet Mondrian circa 1936. Another $500,000 is for a 1956 Jasper John’s collage titled “Green Target.”

More: Photos, Description of Gundlach's Art

Sometime between 3 p.m. on Sept. 12 and 8 p.m. on Sept. 14, burglars made off with loot estimated to be worth $10 million, including high-end paintings, a 2012 Porsche Carrera 4S and expensive watches, investigators said.

Gundlach returned to his home in the 500 block of 12th Street on Sept. 14 to find it’d been burglarized while he was away on a trip, investigators said.

At the time of the heist, Santa Monica police would not confirm the name of the alleged victim. But during a news conference on Monday, Gundlach spoke for himself.

"We have received many calls on the tipline. They're being followed up on," according to Gundlach. "I'm not going to comment specifically on the investigation, other than we have a couple of avenues that we're pursuing."

Still, he would not discuss insurance on the stolen items or suspicions about the thieves. And he declined to answer reporters’ questions throughout the news conference.

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