New Clues in Art Heist Mystery

ByABC News
March 10, 2004, 10:33 AM

March 11 -- Two Polaroid photos in a plain envelope with no return address arrived by mail at the ABCNEWS office in New York. But despite their source's anonymity, if authentic, they could provide clues into a heist the FBI calls the largest art theft in American history.

They were photos of what appeared to be a missing Rembrandt masterpiece, stolen on March 18, 1990, from Boston's Isabella Stewart Gardner Museum, a four-story museum packed with priceless masterpieces from the collection of socialite Isabella Stewart Gardner.

The alleged Rembrandt was placed atop of a Boston Globe front page to show the date and next to a tape measure to show it to be the size of the rare self-portrait, which isn't much bigger than a postage stamp but is priceless.

The photo could be an elaborate hoax. But, if authentic, it could prove that the Rembrandt still exists and could be an important clue in a case that for 14 years, the FBI has been unable to break.

After a seven-year investigation into this case, ABCNEWS has learned of a secret 1997 meeting between a one-time member of an art theft ring and museum officials, and that a new deal with the FBI may be in the works.

The 1990 break-in led to an international search for the 12 masterpieces, including works by Rembrandt, Vermeer, Degas and others, which are likely worth as much as a half-billion dollars, according to the museum and the FBI.

View images of the missing masterpieces

"To have art of that quality taken and never to be seen, never to be appreciated by anybody again, is a devastating impact on the city and frankly, on the art world," said Donald Stern, the former U.S. attorney for Massachusetts.

Despite a $5 million reward, the art is still missing and law enforcement is no closer to making an arrest. When asked if he thought the investigation has been, so far, a failure, Stern responded, "I guess you have to say that."