Written by Oscar Holland, CNN

A long-lost Marc Chagall painting, stolen almost 30 years ago, has been recovered from the attic of a man connected to Bulgarian organized crime, according to new court filings

The artwork "Othello and Desdemona," which was taken from a New York apartment during a heist in 1988, was retrieved in Maryland by the FBI's Art Crime Team after the man himself alerted investigators to its whereabouts.

Depicting characters from Shakespeare's "Othello," the 1911 painting was one of a number of artworks stolen from the Manhattan home of Ernest and Rose Heller, art collectors who have since passed away. According to news reports from the time, the couple also lost jewelry, sculptures, silverware and carpets in the heist. It was "a lifetime of collecting," Ernest told UPI news agency after the robbery.

The artwork "Othello and Desdemona," which was taken from a New York apartment during a heist in 1988. A label, found on the back of the painting, says that artwork was exhibited at the Kunsthaus Zurich museum in Switzerland Credit: FBI

"It was an inside job," said Art Crime Team investigator Marc Hess, in an FBI news release . "A person who had regular access to the building was stealing from apartments while the tenants were away."

Court documents suggest that the Maryland man was not behind the robbery, but that he acquired the painting in Virginia in the late 1980s or early 1990s. It is believed the thief approached him in the hopes of using his connections to criminal organizations in Bulgaria to help sell the artwork.

The recovered "Othello and Desdemona" was created during the early part of Chagall's career. Credit: FBI

After finding a potential buyer, the man discovered that the thief intended to cut him out of the deal, so he kept the painting, court papers say. It was then stored in an attic for almost three decades in a homemade wooden box marked "Misc. High School artwork."

It is understood that the man attempted, on more than one occasion, to sell the painting to a Washington, D.C. gallery. Suspicious of the lack of authentication documents, the gallery's owner suggested that the seller call law enforcement.

According to the New York Times , the Maryland man is 72 and suffering from a terminal illness. The paper quotes Hess as saying that the decision to involve the FBI was "partially motivated by his imminent demise."

Painting set for auction

Chagall, a Franco-Russian artist of Belarusian heritage, is considered to be a pioneer of the modernist movement. His paintings have previously attracted large sums at auction, with the 1928 work "Les Amoureux" selling for more than $28 million last year -- an auction record for the artist.

The recovered "Othello and Desdemona," which was created during the early part of Chagall's career, is expected to sell for significantly less. Nonetheless, preliminary estimates place the artwork's value between $700,000 and $900,000, according to Christopher Marinello of Art Recovery International, the firm representing the insurance company that paid out on the initial theft.











































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Scroll through the gallery for other examples of lost and found artworks. Credit: Duane Tinkey/DSM Magazine

"We really need to assess the condition of the work," he said in a phone interview. "It looks a little bit roughed up (in photos) but it's still in much, much better shape than we expected.

"It's clearly an early work, and I don't want to disparage the painting in any way, but it's not my favorite. But I'm sure -- given that it has such an incredible provenance and incredible history -- that it will find a happy home."

Federal prosecutors are now set to return the painting to the Heller family. After being assessed by the Chagall Committee, the organization that controls the artist's estate, the painting will then be auctioned off, Marinello said. Some of the proceeds are expected to go to the insurance company -- which, at the time of the theft, paid approximately $100,000 to the victims -- as well as to non-profit groups supported by the family's estate.

With the statute of limitations now expired, no charges are expected against the thief or the Maryland man, neither of whom are named in court filings. The man suspected of stealing the painting has already been convicted of crimes "related to the theft and sale of other works of art stolen from other apartment buildings," according to court documents.

Personnel from the FBI's Art Crime Team handling the recovered Chagall painting, "Othello and Desdemona." Credit: FBI

"As the FBI returns this painting to the estate of its proper owners, we do so with the purpose of preserving history," said bureau official Nancy McNamara, in a Department of Justice news statement . "This piece of artwork is of significance not just for its monetary value, but for its place in the world of art and culture."

Marinello commended the FBI and US Attorney's Office for pursuing the case beyond the statute of limitations.

"Obviously law enforcement agencies like to get arrests, and that's not always possible in a 30-year-old case, which is why many (of them) dismiss these very cold cases," he said. "But that doesn't mean there aren't still victims.

"For the FBI and the Justice Department to aid those victims 30 years later is just astounding. And it sends a very clear message to criminals everywhere that you can't relax and rest if you're in possession of stolen works of art."