Trace Identifies Stolen Portrait Bust Before Auction Thursday 27 September 2007 PDF Print 27 September 2007 – MyThings Inc, the leading international registry of valuable items, announced today another *identification of stolen valuable property in collaboration with a UK auction house. This brings the total up to well over 100 identifications in the last year alone. The stolen marble portrait bust of Robert Liston by Thomas Campbell, 1850 was identified by Trace (http://www.trace.com), a MyThings service, during an automatic due diligence search against its database of stolen valuables on behalf of Jones & Jacob, a UK auction house. Auction houses routinely conduct such searches before placing items for sale. Simon Jones of Jones & Jacob said: "Trace's swift checking of our catalogue against its database has protected our client and us, ensuring that we do not sell items which have been reported stolen. As RICS members and fine art auctioneers and valuers, we ensure that all our lots are fully checked by Trace. Our commitment to Due Diligence is one of our best weapons in the fight against art theft." The Trace database identified the marble portrait bust as one which had been stolen in a large burglary in 2003. When it made the identification, Trace notified the auction house which, in turn, informed the police, having been provided with the contact and crime information by Trace. Trace then provided the police with all the relevant information available on the Trace database, including the full list of items stolen in the same burglary and the crime details. The police have asked the auction house to keep the bust in its possession and are now looking into the provenance of the piece, post theft. Ken Bouche, Vice President of Trace, said: “Each identification reinforces the importance and contribution of Trace, which serves as a de facto national database of stolen valuables. The art trade is not the only industry that relies on Trace. Anyone involved in the trade of previously-owned valuables can access the easy-to-use search engine to help ensure that they are not buying or trading in property that has been reported stolen." Trace is the only stolen goods database to incorporate sophisticated visual matching technology, a feature that enables highly credible search results - even when an adequate text description is not provided. This gives the 52 subscribing auction houses the upper hand when conducting due diligence. To see some of our auction partners, go to http://www.mythings.com/about.aspx?t=3#auctions. Trace is also the only such database to offer reporting and searching services free of charge to individuals and law enforcement organisations. Trace boasts the largest online global cross-category database of stolen valuables in the world, and is the largest such registry for art, antiques and collectibles. Trace also consolidates the largest online international database of art and antiques looted in the Nazi era (http://www.tracelootedart.com/). –Ends– Note to editors: *Recent identifications of stolen items include: • In April 2007 a picture which had been stolen in a major burglary in 1989 from a house in Cambridgeshire. When it made the identification, Trace notified the auction house which, in turn, alerted the police in Cambridgeshire. • In February 2007, a picture which had been stolen from a private home in Kent in 1997 turned up at a leading London auction house. Due to their commitment to performing due diligence searches against the Trace database the item was identified and withdrawn from sale. • In October 2006 a Trace staff member was searching thorough the Wiltshire Police (UK) virtual bumblebee site of recovered property and matched a picture which had been stolen from the Thames Valley area. The staff member was able to put the two police forces in touch with each other and the picture was returned. • In May 2006, Wiltshire police executed a search warrant on a single property where they seize many thousands of suspected stolen works. They then conducted a search against the Trace database and identified 40 stolen items which they were able to return to the rightful owners. • Trace identified two paintings at an auction house in North Yorkshire in an April 2006 sale of art and antiques. These had been stolen from a burglary in Cleveland in 1999 and Trace notified the Cleveland Police and the insurers of the recovery. • In March 2006 a dealer in Hatton Garden (the jewellery market in London) contacted Trace to check on two high quality diamonds. Trace used its enhanced search facility and informed the dealer and the police that the diamonds were originally part of a pair of earrings stolen in London from a consignment of jewellery loaned by De Beers to a film set in January 2006. The police were informed and provided with a new lead into this investigation. The diamonds were recovered. About MyThings Inc MyThings Inc offers MyThings (mythings.com) and Trace (trace.com), two unique services designed to help people extract the most value from their belongings. MyThings is a consumer web service that provides private, online portfolios to its members for managing their belongings, as well as tools to access relevant information and services, including valuations, accessories, insurance, and warranties. MyThings serves as a trusted intermediary between buyers and sellers, delivering desired information without compromising the privacy of consumers or subjecting them to intrusive messages. Trace is MyThings’ online database of lost and stolen valuables and the most diverse global registry of lost and stolen items, ranging from art and antiques, to jewellery, watches, and consumer electronics. Trace integrates information from over 50 sources, including local, national, and international law enforcement, as well information provided by the members of MyThings. Founded in 2004, MyThings Inc has offices in Menlo Park, California; London, England; and Tel Aviv, Israel. For further information contact Alexandra Smith at: email: firstname.lastname@example.org tel: 0207 433 6632 mob: 07903 749112 This press release was distributed by ResponseSource Press Release Wire on behalf of George PR in the following categories: Entertainment & Arts, Leisure & Hobbies, Home & Garden, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.