Fund manager offers $200,000 reward in Santa Monica art theft
Jeffrey Gundlach, a leading bond-fund manager, has offered a $200,000 reward for the safe return of several top-dollar artworks, his 2010 Porsche Carrera 4S and other pricey items stolen this week from his Santa Monica home while he was traveling.
Gundlach, heralded on Wall Street for his bond investing prowess, is the founder of DoubleLine Capital in Los Angeles.
When he returned this week to his posh Santa Monica residence from a business trip to New York, he found blank spaces on the walls where irreplaceable paintings from his multimillion-dollar art collection had hung. The thieves drove away in his red Porsche, closing the garage door on their way out.
In addition to the art and the wheels, the thieves took several expensive watches, pricey bottles of wine and some cash.
The haul, valued at $10 million, included works by Jasper Johns, Piet Mondrian, Expressionist Richard Diebenkorn, Impressionist Guy Rose and landscape artist Hanson Duvall Puthuff.
Most meaningful to Gundlach, 52, was Mondrian's "Composition (A) en Rouge et Blanc," a 1969 oil on canvas. Gundlach liked the artist's distinctive double lines so much that he borrowed the image for his investment firm, naming it DoubleLine Capital.
Santa Monica police weren't saying whether the crime was targeted or random.
— Martha Groves
Photo: Bond fund manager Jeffrey Gundlach. Credit: Mark Boster / Los Angeles Times