Superstar bond-fund manager Jeffrey Gundlach, whose collections of art, fine wine and pricey watches were recently stolen, offered a new reward of up to $1.7 million for information leading to the safe return of 13 stolen works.
The overall value of the property taken from Gundlach's home in the coastal town of Santa Monica, near Los Angeles, two weeks ago was placed at more than $10 million, including a red Porsche Carrera 4S sports car the thieves apparently drove away in.
The bulk of the massive heist consisted of rare, one of-a-kind works by contemporary painter Jasper Johns, who last year won the Presidential Medal of Freedom, the late Dutch abstract artist Piet Mondrian and others.
At a news conference Monday, Gundlach said a $200,000 reward initially offered for tips leading to the undamaged return of his art remains in place. But he posted a new $1-mil-lion reward for a 1936 oil on canvas by Mondrian called Composition (A) En Rouge Et Blanc, plus an extra $500,000 for three works together - a 1956 Johns piece called Green Target and two wood-box collage works by Joseph Cornell, Medici Princess and Pinturicchio Boy.
Gundlach, the founder, CEO and chief investment officer of DoubleLine Capital, is seen in the financial industry as the new king of the fixed-income world with $45 billion in assets under management.
