Visitors to the British Museum in London this week, where an investigation has been launched after artefacts were reported 'missing, stolen or damaged' over a significant period of time. EPA
Visitors to the British Museum in London this week, where an investigation has been launched after artefacts were reported 'missing, stolen or damaged' over a significant period of time. EPA
Visitors to the British Museum in London this week, where an investigation has been launched after artefacts were reported 'missing, stolen or damaged' over a significant period of time. EPA
Visitors to the British Museum in London this week, where an investigation has been launched after artefacts were reported 'missing, stolen or damaged' over a significant period of time. EPA

Nightmare at the British Museum: Why the theft scandal won't have a Hollywood ending


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Art theft in the movies is generally characterised by a convoluted, high-tension plot, like The Thomas Crown Affair, which depicted an audacious daylight robbery carried out by hundreds of swift-walking men in bowler hats.

In real life, as the British Museum has recently discovered to its cost, both financially and reputationally, art theft is far more prosaic and almost certainly an inside job.

An enquiry has been set up into a serial thief found to have been operating at the museum for two decades, during which more than 1,500 items have reportedly been taken. Roman jewellery, glass and gemstones thought to be worth tens of millions of pounds have disappeared.

Some have turned up on eBay, others are reported “missing, stolen or damaged”. A curator, Peter Higgs, has been sacked. He denies any wrongdoing, but the Metropolitan Police have opened an investigation and interviewed a person.

According to an internal investigation conducted by the museum and reportedly seen by The Daily Telegraph, Mr Higgs, the museum’s curator of Greek collections, Greek sculpture and the Hellenistic period, was last week named as the prime suspect behind the disappearance of numerous artefacts held in the museum’s collection, many of which he is alleged to have sold on eBay, often for a tiny fraction of their estimated value. One Roman object, dating back more than two millennia and valued at up to £50,000 ($62,963), was allegedly sold for £40 on the site.

George Osborne, beleaguered chair of the British Museum, is well used to the fierce heat of a public scandal. As a former chancellor, co-architect along with former prime minister David Cameron of the age of austerity, he rode out many controversies. Mr Osborne, who took office last year, appears to have acted faster than the British Museum management but his intervention looks to have come far too late to staunch deep institutional damage.

After all, the museum had been warned that its artefacts were turning up for sale on the auction site but brushed aside the tip-off. An art dealer alerted the British Museum to items allegedly stolen from the institution in 2021 but was told "all objects were accounted for".

Pierce Brosnan in The Thomas Crown Affair, 1999. Alamy
Pierce Brosnan in The Thomas Crown Affair, 1999. Alamy

Ittai Gradel alleged in February 2021 he had seen items online belonging to the museum, according to correspondence seen by BBC News between Dr Gradel and the museum. Deputy director Jonathan Williams responded in July 2021 to Dr Gradel, saying "there was no suggestion of any wrongdoing". Mr Higgs, whom Mr Gradel had named as vendor, was even later promoted.

“Concerns were only raised about a small number of items, and our investigation concluded that those items were all accounted for," said outgoing director Hartwig Fischer this week.

“We now have reason to believe that the individual who raised concerns had many more items in his possession, and it’s frustrating that that was not revealed to us as it would have aided our investigations."

Mr Fischer stepped down with immediate effect on Friday as the crisis deepened. In a statement he said the comments he had made about Dr Gradel were "misjudged" and he extended his regret for his choice of language.

British museum director Hartwig Fischer, left, and art expert Peter Higgs at an exhibition in Madrid in July 2017. Getty Images
British museum director Hartwig Fischer, left, and art expert Peter Higgs at an exhibition in Madrid in July 2017. Getty Images

Dan Hicks, professor of contemporary archaeology at the University of Oxford, said the issue of how the museum acts as custodian of its treasure had not been fundamentally addressed by Mr Fischer and his team.

“It will shock many people to learn what everyone in the museum sector knows, that the databases are not complete.” He says the recent incident may not have been possible if the museum had properly invested in cataloguing, and that the oversight is an example of “arrogance and exceptionalism”.

“How can you care for something if you don’t know what you have?” Prof Hicks said, adding: “This wouldn’t be possible if you had a comprehensive database of everything in the museum”.

He called for all bigger museums to publish formal documents in the same way that smaller museums must. “Why is it that these incredibly rich organisations have so much worse a collection’s oversight than smaller university museums or city museums?”

The British Museum says the majority of its items are registered, and that five million of its eight million artefacts are available to look at on a public database. However, less than 1 per cent of its collection is on public display and therefore less carefully monitored.

The museum has experienced thefts before, even from the public galleries. In 2002 it launched a security review after a 2,500-year-old Greek statue was stolen by a member of the public. The thief took the 12cm marble head and left with it undetected. At the time the museum said no permanent guard had been on duty in the Greek Archaic Gallery despite it being open to the public.

A display at the British Museum this week of Cypriot jewellery from about 1750BC. The museum launched an investigation into the theft of artefacts after discovering that stolen items were being sold on eBay for as little as £40. Getty Images
A display at the British Museum this week of Cypriot jewellery from about 1750BC. The museum launched an investigation into the theft of artefacts after discovering that stolen items were being sold on eBay for as little as £40. Getty Images

Alice Farren-Bradley manages the global Museum Security Network, which shares information on security, common threats and risks with its 1,500 members. She says artefacts that are the most fragile and unlikely to go on display or on loan are kept in “deep storage”. Some are in general storage and others are in study collections, accessible upon request by academics. Ideally, every item should be inventoried with a detailed description, number and photographs from several angles, she says, but due to their age and size, most collections do not have 100 per cent of items catalogued.

The British Museum has left itself open to international scrutiny. Speaking to The Economist, Christos Tsirogiannis, a Unesco-affiliated antiquities trafficking expert, says the British Museum theft is “probably the worst case so far … no one expects that to happen in a museum”.

Artefact thefts do happen “every single day around the world”, according to Christopher Marinello, lawyer and founder of Art Recovery International, an organisation that specialises in locating and recovering stolen works of art worldwide, and the Art Loss Register, which describes itself as the world's largest private database of lost, stolen and looted art, antiques and collectibles. The register currently lists about 700,000 such items. Mr Marinello says it is shocking when large institutions, such as the British Museum, are caught off guard.

Visitors to the British Museum this week admire a selection of items from the collection of ancient Greek sculptures known as The Elgin Marbles. Getty Images
Visitors to the British Museum this week admire a selection of items from the collection of ancient Greek sculptures known as The Elgin Marbles. Getty Images

Before this story emerged, the British Museum had been at the centre of a series of restitution debates over contested artefacts, most notably the Parthenon Marbles, the Benin Bronzes and the Ethiopian Tabots. Its leadership has defended its collection against such restitution claims by arguing that the museum is capable of conserving and protecting artefacts uniquely well. In the wake of the scandal, the Greek government has, not unnaturally, spoken about the return of the Parthenon Marbles, The security questions raised by the missing objects “reinforces the permanent and just demand of our country for the definitive return” of the Marbles, said Greece’s Minister of Culture, Lina Mendoni.

“The loss, theft, deterioration of objects from a museum’s collections is an extremely serious and particularly sad event … in fact, when this happens from within, beyond any moral and criminal responsibility, a major question arises regarding the credibility of the museum organisation itself. The Ministry of Culture is following the development of the issue with great attention.”

Nigeria too is now petitioning for the return of the Benin Bronzes.

Until the results of the police investigation, and the museum’s own enquiry, the thefts would seem to be the result of a toxic mix of complacency – those airy denials after wrongdoing was alleged in 2021 – careless safeguarding and personal greed.

Dr Frank Furedi, an academic and author, also argues that decolonisation – hunting out every connection of museum items to perceived past injustices – has distracted museums from looking after the irreplaceable objects in their trust, leading to “cavalier ineptitude”.

For its part, the UK Museums Association said that a lack of investment in the sector in the age of austerity inaugurated by Mr Osborne in high office led to the collapse of safeguarding procedures.

House-hunting

Top 10 locations for inquiries from US house hunters, according to Rightmove

  1. Edinburgh, Scotland 
  2. Westminster, London 
  3. Camden, London 
  4. Glasgow, Scotland 
  5. Islington, London 
  6. Kensington and Chelsea, London 
  7. Highlands, Scotland 
  8. Argyll and Bute, Scotland 
  9. Fife, Scotland 
  10. Tower Hamlets, London 

 

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3ESplintr%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMay%202019%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EMohammad%20AlMheiri%20and%20Badr%20AlBadr%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20and%20Riyadh%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Epayments%20%2F%20FinTech%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESize%3A%20%3C%2Fstrong%3E10%20employees%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3Eundisclosed%20seven-figure%20sum%20%2F%20pre-seed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStage%3A%20%3C%2Fstrong%3Eseed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3Eangel%20investors%3C%2Fp%3E%0A

Veere di Wedding
Dir: Shashanka Ghosh
Starring: Kareena Kapoo-Khan, Sonam Kapoor, Swara Bhaskar and Shikha Talsania ​​​​​​​
Verdict: 4 Stars

The Outsider

Stephen King, Penguin

While you're here
THE CLOWN OF GAZA

Director: Abdulrahman Sabbah 

Starring: Alaa Meqdad

Rating: 4/5

AUSTRALIA SQUAD

Aaron Finch, Matt Renshaw, Brendan Doggett, Michael Neser, Usman Khawaja, Shaun Marsh, Mitchell Marsh, Tim Paine (captain), Travis Head, Marnus Labuschagne, Nathan Lyon, Jon Holland, Ashton Agar, Mitchell Starc, Peter Siddle

Turkish Ladies

Various artists, Sony Music Turkey 

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

What is a Ponzi scheme?

A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.

The specs

Engine: Dual 180kW and 300kW front and rear motors

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Did you know?

Brunch has been around, is some form or another, for more than a century. The word was first mentioned in print in an 1895 edition of Hunter’s Weekly, after making the rounds among university students in Britain. The article, entitled Brunch: A Plea, argued the case for a later, more sociable weekend meal. “By eliminating the need to get up early on Sunday, brunch would make life brighter for Saturday night carousers. It would promote human happiness in other ways as well,” the piece read. “It is talk-compelling. It puts you in a good temper, it makes you satisfied with yourself and your fellow beings, it sweeps away the worries and cobwebs of the week.” More than 100 years later, author Guy Beringer’s words still ring true, especially in the UAE, where brunches are often used to mark special, sociable occasions.

Recycle Reuse Repurpose

New central waste facility on site at expo Dubai South area to  handle estimated 173 tonne of waste generated daily by millions of visitors

Recyclables such as plastic, paper, glass will be collected from bins on the expo site and taken to the new expo Central Waste Facility on site

Organic waste will be processed at the new onsite Central Waste Facility, treated and converted into compost to be re-used to green the expo area

Of 173 tonnes of waste daily, an estimated 39 per cent will be recyclables, 48 per cent  organic waste  and 13 per cent  general waste.

About 147 tonnes will be recycled and converted to new products at another existing facility in Ras Al Khor

Recycling at Ras Al Khor unit:

Plastic items to be converted to plastic bags and recycled

Paper pulp moulded products such as cup carriers, egg trays, seed pots, and food packaging trays

Glass waste into bowls, lights, candle holders, serving trays and coasters

Aim is for 85 per cent of waste from the site to be diverted from landfill 

Updated: September 01, 2023, 10:22 AM