High-Profile Bond Trader Ups Reward To Nearly $1.7M For Stolen Art

SANTA MONICA (CBSLA.com) — A high-profile bond trader, whose Santa Monica home was plundered by burglars two weeks ago, has increased the reward to $1.7 million for help getting back 13 pieces of art.

Santa Monica police said thieves swiped $10 million worth of property from the home of DoubleLine Capital CEO and founder Jeffrey Gundlach. Along with the art, the burglars made off with expensive watches, wine and a red Porsche.

Gundlach spoke publicly about the theft for the first time Monday during a press conference at his home.

"We changed the reward offered for information leading to the successful recovery of the artwork stolen from my home," said Gundlach, who upped the reward from $200,000. "We're hopeful this reward will further incentivize anyone who knows anything about this activity to report it, so that we can the property recovered."

There are specific art pieces that Gundlach is most interested in getting back; he is offering $1 million for the safe return of his Piet Mondrian painting and $500,000 for his Jasper Johns painting. He is offering $200,000 for the recovery of various other items.

To leave information about the robbery go to www.wetip.com.

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