Jeffrey Gundlach said Thursday that an estimated $10 million in 20th century art that was burglarized from his Santa Monica home has now been safely returned, and that police told him they have arrested two suspects.
The wealthy bond trader, who's considered one of the world's most prominent investment fund managers, had posted a $1.7-million reward for the return of works by Piet Mondrian, Jasper Johns, Richard Diebenkorn, Joseph Cornell and others.
He had discovered Sept. 14 that they were missing, after returning from a short business trip. Thieves also had made off with a 2010 Porsche Carrera, rare wines and expensive watches.
“The focus was on recovering the artwork, and it was all recovered,” Gundlach told The Times. “The thieves had worked on moving the property, but we were able to get a good lead and apprehend them. It’s a great day for the art world.”