Owner of Stolen Warhols Waives $25 Million Insurance Claim

The Los Angeles art collector whose series of Andy Warhol paintings was stolen last month will not pursue an insurance claim reportedly worth $25 million. Eleven paintings from Warhol’s “Athletes” series were stolen from the West Los Angeles home of businessman Richard Weisman, leaving no sign of a break-in and other valuable artworks untouched. The Seattle Times reports that Weisman would rather give up the massive payout, more money than most people see in a lifetime, than endure the insurance company’s theft investigations “poring through his records and questioning family and friends.” “They turn you into a suspect,” Weisman says. Naturally, police are interested in talking about Weisman’s “curious” choice but are having trouble tracking him down. |Seattle Times|