💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

'Roaring Lion' Churchill portrait retrieved from Italy after Canada theft

Published 09/19/2024, 11:44 AM
Updated 09/19/2024, 11:54 AM
© Reuters. Yousuf Karsh's 'Roaring Lion' portrait of Churchill, stolen in 2022 from Ottawa’s Fairmont Chateau Laurier and recovered in Italy, is unveiled during a ceremony at the Canadian Embassy in Rome, Italy, September 19, 2024. REUTERS/Yara Nardi

By Marta Di Donfrancesco

ROME (Reuters) - Italy handed back to Canada on Thursday a famous photographic portrait of Winston Churchill that was stolen from an Ottawa hotel more than two years ago and sold at auction to an unsuspecting Italian lawyer.

The so-called "Roaring Lion" photograph was shot by Yousuf Karsh in 1941 just after Britain's World War Two leader had given a speech to the Canadian parliament.

With his hand on his hip, Churchill is seen scowling severely at the lens -- an expression that Karsh put down to the fact that he had just plucked a cigar from the prime minister's hand before releasing the shutter.

The picture hanged for years in the Fairmont Chateau Laurier hotel, where the Armenian-Canadian photographer used to have a studio, but staff realised in August 2022 that their original image had been replaced with a signed copy.

A subsequent investigation found that their version had gone missing during the 2021 Christmas holidays and had been sold by an auction house in London in May 2022 to lawyer Nicola Cassinelli, who agreed to return it when he found out the truth.

"I think that if Mr. Karsh donated it to the hotel, it means that he really wanted it to stay there," Cassinelli said during a ceremony in the Canadian embassy to return the work.

He said he had paid 5,200 pounds ($6,895 ) excluding commission at the auction and had received only a partial refund. "I didn't get all the money back, but I did get a very funny story to tell," said Cassinelli.

The hotel director said the photo was an iconic image and an integral part of its history. "Its value far exceeded its monetary worth," said Geneviève Dumas.

© Reuters. Yousuf Karsh's 'Roaring Lion' portrait of Churchill, stolen in 2022 from Ottawa’s Fairmont Chateau Laurier and recovered in Italy, is unveiled during a ceremony at the Canadian Embassy in Rome, Italy, September 19, 2024. REUTERS/Yara Nardi

Canadian media said a man from Ontario had been arrested and charged over the theft.

($1 = 0.7542 pounds)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.