Police: Soaring Metal Prices Are Behind London’s Big Sculpture Thefts

“Soaring scrap prices have opened up an opportunity for gangs to pocket a quick profit. The Henry Moore sculpture, taken in mid-December, was believed to be worth around £5,000 if melted down; the Chadwick may fetch as little as £1,000. Reduced to its metal content, the figures are worth only a fraction of their art market value but neither police nor art dealers believe such large objects would be stolen to order for a private collector. In many cases, the sculptures have been severely damaged.”