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Art Loss Register Update - Sources allege the following:

The ALR used to own a company called Albion in Delhi, India. There, they processed all the database registrations and searches.

In the summer of 2013, Radcliffe’s partners, Tony LeFevre and Preeti Bahl, forced Radcliffe to sell the company to Loss Management Group (LMG), based in Eastbourne and who, according to their website, are the UK’s largest organisation specialising in the professional management of insurance claims for jewellery, watches and other valuable items, whether they have been damaged, lost or stolen.

The vote on the sale was 2/3 against 1/3. Radcliffe was furious and demanded an apology from his former financial director and long time business partner LeFevre who resigned from ALR over the distasteful and nebulous payments Radcliffe was making to criminals. LeFevre basically told Radcliffe to stick it where the sun don’t shine.

Once Albion was sold, Radcliffe had a problem. Now, all he had was a contract with a third party company in Delhi which handled confidential police, victim and insurance data. This in turn, violates many of ALR contracts with victims as well as insurers and dealers who think their confidential material is “safe with the ALR”.

To hide this fact from the public, he rented out his own office at Hatton Garden to Albion (for a satellite office) and placed a sign on the door (see image below) to give the impression that it was still an ALR controlled operation. He even demanded a seat on the Albion Board, which didn’t happen.

Until now, the public is unaware of these ALR shenanigans. Galleries, TEFAF, Art Basel, Frieze Art Fairs, victims, and IFAR amongst others, might like to consider that their confidential data is being sent to LMG and that the ALR is nothing but a front of house boiler plate.

Fog Bandit min

About the Author

Elliot Lee

Elliot Lee

Elliot Lee founded his antique business in 1994. Having bought his first Antique piece at the tender age of eleven, it has since then been his passion for Antiques, Fine Art, and aesthetically beautif...