Logo
    Search

    How an Antiques Dealer Uncovered a Massive Museum Heist

    enOctober 31, 2023

    Podcast Summary

    • British Museum faces crisis as over 1500 items stolen or missingFormer academic and art dealer uses expertise and photographic memory to uncover stolen treasures from British Museum, involving fake identities and possible cover-up, emphasizing the importance of expertise and diligence in preserving cultural heritage.

      The British Museum, known for its vast and valuable cultural treasures, is currently facing a major crisis due to over 1500 items being stolen or missing. This scandal was uncovered by Ittai Gradel, a former academic and art antiques dealer specializing in Greco-Roman gems, who discovered the thefts through his expertise and photographic memory. The stolen items were believed to have been sold online, and the investigation involved fake identities and a possible cover-up. Ittai, a passionate collector with a deep connection to history, saw this as an opportunity to use his skills to uncover the truth and bring the stolen treasures back to their rightful place. The case highlights the importance of expertise and diligence in uncovering criminal activities and preserving cultural heritage.

    • Bargain hunting at antique markets requires thorough researchAlways verify a seller's authenticity and the item's history before buying antiques to avoid potential frauds.

      The antique market can offer hidden gems at unbelievably low prices, but it's crucial to do thorough research before making a purchase. In this story, a collector named Gredel discovered a Roman Medusa cameo from the 2nd century AD on eBay for a mere £15. He recognized its true value and sold it to a collector for thousands of pounds. Over the years, Gredel continued buying from the seller, "sultan 1966," who claimed to have inherited the items from his grandfather. However, Gredel's suspicions were raised when he discovered discrepancies in the seller's story. In 2015, Gredel noticed a green Roman gem on eBay with a portrait of a man sporting an unusual hairstyle. Using his photographic memory and knowledge of Roman hairstyles, he identified the style and realized he had seen it before. The stone didn't end up in his possession, but years later, he came across a similar hairstyle in a book about a Roman cameo in the British Museum's collection. Upon closer inspection, he noticed scratches on the profile's nasal ridge, which matched the stone he had seen on eBay. This incident highlights the importance of due diligence when buying antiques. While the potential for finding valuable items at low prices is exciting, it's essential to verify the seller's authenticity and the item's history before making a purchase. In the end, Gredel's meticulous research paid off, but it's a reminder that not all deals are as they seem.

    • British Museum Employee Suspected of Selling ArtifactsBe aware of potential complexities in relationships, foster transparency and understanding.

      The line between our personal and professional lives can be blurred, and sometimes, those we trust and work with closely may be dealing with hidden struggles or even engaging in unethical behavior. In the case of Griddell's eBay seller, Peter Higgins, it appeared that the British Museum employee was selling artifacts that were supposed to be in the museum. Although no charges have been filed against Higgins, Griddell's suspicions were raised when he discovered that he had been sending payments to a person with a different name. The revelation that Higgins was a long-time employee and expert at the British Museum added to the intrigue. This incident serves as a reminder to be aware of the potential complexities in our relationships and to foster an environment of transparency and understanding, both in and out of the workplace.

    • Dealer's Suspicion of Stolen Gem Leads to ObsessionA dealer's suspicion of a stolen green gem led to an obsession, despite evidence being ignored by the British Museum and a cover-up being suspected.

      When art dealer, Gredel, discovered the potential theft of a green gem from the British Museum, he sought the help of ancient gem experts to confirm his suspicions. However, when the dealer who bought the gem from Sultan 966 returned it, Gredel assumed the case would be closed. Instead, he became increasingly obsessed with the idea that he had traded stolen goods and felt guilty for not outing the suspected curator, Higgs, sooner. In early 2021, Gredel emailed the deputy director of the British Museum with evidence, but also contacted an archaeologist who then informed Higgs. The disappearance of the gem's picture from the museum's website and the museum's dismissive response led Gredel to believe there was a cover-up. Despite providing incontrovertible evidence, Gredel felt ignored and frustrated by the British Museum's response.

    • British Museum's 2 Million Missing Items ScandalThe British Museum's scandal involved the theft of approximately 2,000 items over 25 years, which went undetected due to inadequate cataloging. The museum's reputation and relationships with countries demanding the return of their cultural artifacts are at risk.

      The British Museum's massive collection, estimated to have 8,000,000 items, with only around 4.5 million cataloged, left room for an inside job to go undetected for over 25 years. During this time, approximately 2,000 pieces went missing. The museum, which houses many foreign cultural artifacts, is now facing pressure to return some items to their original countries. The scandal, which came to light when a staff member was fired and later identified as the suspected thief, Higgs, has forced the resignation of the museum's director. No one has been charged with a crime yet, and Higgs' son maintains his innocence. The lack of proper cataloging allowed this long-term theft to go unnoticed, and the museum is now accelerating its efforts to catalog its collections to prevent further losses. The British Museum's reputation and its relationship with countries seeking the return of their cultural artifacts are at stake. Gredel, who played a key role in uncovering the scandal, plans to step back from the investigation and return to his quiet life in Denmark.

    Recent Episodes from The Journal.

    Will the U.K. Send Asylum Seekers To Rwanda?

    Will the U.K. Send Asylum Seekers To Rwanda?
    After a steep increase in migration, the United Kingdom turned to a controversial plan: sending migrants to Rwanda. But the plan has faced years of delays and legal challenges. Max Colchester explains why the U.K. pushed ahead, and what Rwanda stands to gain.  Further Reading: - Britain’s Radical Plan to Tackle the Migrant Crisis Turns Into a Cautionary Tale  Further Listening: - Smuggling Migrants Toward the U.S. Is a Booming Business  - Texas Took On Border Security. Is It Working?  - What the End of Title 42 Means for U.S. Immigration Policy  Learn more about your ad choices. Visit megaphone.fm/adchoices
    The Journal.
    enJuly 02, 2024

    Trump Has Broad Immunity

    Trump Has Broad Immunity
    The Supreme Court dealt a major blow to prosecutors hoping to convict Donald Trump on charges he sought to subvert the 2020 election. The court ruled 6-3 that former presidents enjoy sweeping immunity for their acts while in office. WSJ's Jess Bravin discusses what this ruling could mean for the future of American democracy.  Further Reading: -Supreme Court Deals Blow to Trump’s Prosecution, Ruling He Has Broad Immunity  Further Listening: -Will the Supreme Court Kick Trump off the Ballot?  -The Origin Story of Trump's Guilty Verdict  Learn more about your ad choices. Visit megaphone.fm/adchoices
    The Journal.
    enJuly 01, 2024

    Farm-to-Table Pioneer on Why We Still Need Better Food

    Farm-to-Table Pioneer on Why We Still Need Better Food
    Alice Waters helped the farm-to-table movement go mainstream in the U.S. through her restaurant Chez Panisse. In the decades since she has kept advocating for locally grown, organic food over the fast food Americans regularly consume. Kate Linebaugh sat down with Waters at The Wall Street Journal’s Global Food Forum. To watch a video of the conversation, check out the episode on Spotify. Further Listening: – Could Paris Hilton Create the 'Next Disney?' – Live from Seattle: A Weird Economy + Election Learn more about your ad choices. Visit megaphone.fm/adchoices
    The Journal.
    enJune 28, 2024

    All Eyes on Biden, Trump – and CNN

    All Eyes on Biden, Trump – and CNN
    Tonight, two presidents, one current and one former, are set to debate live on CNN. The stakes are high for the candidates and for the network that’s been struggling to win viewers. WSJ’s Isabella Simonetti reports on how CNN is remaking the debate, and Annie Linskey analyzes what the format change could mean for the candidates. Further Reading: - Presidential Debate Carries Great Opportunity—and Risk—for CNN  - Biden-Trump Debate Takes Shape  - We Rewatched the 2020 Trump-Biden Debates. Here’s What We Learned.  Further Listening: - The Downfall of CNN’s CEO  - Behind Closed Doors, Biden’s Age is Showing  - The Origin Story of Trump’s Guilty Verdict  Learn more about your ad choices. Visit megaphone.fm/adchoices
    The Journal.
    enJune 27, 2024

    How Ukraine Built a Weapon to Control the Black Sea

    How Ukraine Built a Weapon to Control the Black Sea
    Ukraine has sunk or damaged about two dozen Russian ships using a technical innovation: naval drones. WSJ’s James Marson unspools the story of the drones’ development and explores how they’re turning the tide in a key area of the war. Further Reading: - How Ukraine’s Naval Drones Turned the Tide in the Battle of the Black Sea  Further Listening: - Ukraine Makes a Deal with Wall Street  - Ukraine's $30 Billion Problem  Learn more about your ad choices. Visit megaphone.fm/adchoices
    The Journal.
    enJune 26, 2024

    The Unusual Economics of the Bilt Credit Card

    The Unusual Economics of the Bilt Credit Card
    Rent has long been an expense people wanted to pay on credit cards. In 2022, Wells Fargo launched a credit card with Bilt Technologies that allowed users to pay for rent, avoid processing fees and earn points. But the partnership is costing Wells Fargo millions. WSJ’s AnnaMaria Andriotis reports. Further Listening: -The Fight Over Your Credit Card Swipe  -The Deal That Could Change Credit Cards  Further Reading: -Wells Fargo Bet on a Flashy Rent Credit Card. It Is Costing the Bank Dearly.  Learn more about your ad choices. Visit megaphone.fm/adchoices
    The Journal.
    enJune 25, 2024

    Southwest Changed Flying. Can It Change Itself?

    Southwest Changed Flying. Can It Change Itself?
    An activist investor says Southwest Airlines is stuck in the past. Elliott Investment Management says it has amassed a $1.9 billion stake, making it one of Southwest’s biggest shareholders and one of its most vocal critics. WSJ’s Alison Sider explains what Elliott wants, and why critics say some of the things that made Southwest great are now holding it back.  Further Reading: - Southwest Changed Flying. Now It Can’t Change Fast Enough  - Meet the Southwest Superfans Who Don’t Want the Airline to Change  Further Listening: - Ryanair: Cheap, Cramped and Making Its CEO a Fortune  - The Love Triangle Over Spirit Airlines  Learn more about your ad choices. Visit megaphone.fm/adchoices
    The Journal.
    enJune 24, 2024

    Zyn pouches, ‘Zynfluencers’ and ‘the Zyndemic’

    Zyn pouches, ‘Zynfluencers’ and ‘the Zyndemic’
    For about a decade, Zyn, a brand of nicotine pouch, was a niche product used by former smokers. But now it’s exploded in popularity and is hard to find on store shelves. WSJ’s Jennifer Maloney explains how Zyn achieved social media virality and has found itself in the middle of a culture war. Further Reading: - Zyn Nicotine Pouches Take Off—and Land in the Culture Wars  - Why America Is Running Low on Zyn Nicotine Pouches  Further Listening: - The Juul Paradox  - The ‘Existential Threat’ Facing Big Tobacco  - How Puff Bar Became the Most Popular Vape for Kids  Learn more about your ad choices. Visit megaphone.fm/adchoices
    The Journal.
    enJune 21, 2024

    Sam Altman's Opaque Investment Empire

    Sam Altman's Opaque Investment Empire
    OpenAI CEO Sam Altman has a day job and a side gig. Only one of them makes him rich. WSJ's Berber Jin explains how Altman makes most of his wealth through investing in tech startups and how some of those startups' business relationships with OpenAI raise questions about conflicts of interest. Further Reading: - The Opaque Investment Empire Making OpenAI’s Sam Altman Rich  Further Listening:  - Artificial: The OpenAI Story  - Tesla's Multibillion-Dollar Pay Package for Elon Musk  Learn more about your ad choices. Visit megaphone.fm/adchoices
    The Journal.
    enJune 20, 2024

    How ‘Conflict Gum’ Is Helping Fuel Sudan’s Civil War

    How ‘Conflict Gum’ Is Helping Fuel Sudan’s Civil War
    Gum arabic is a widely used but little-known ingredient found in products like soda, gum, makeup and beer. But as WSJ’s Nicholas Bariyo and Alexandra Wexler report, the product has been used for a darker purpose: helping to fund the civil war in Sudan.Further Reading: -How Soda, Chocolate and Chewing Gum Are Funding War in Sudan  -What Is Happening in Sudan? The Fighting Explained  Learn more about your ad choices. Visit megaphone.fm/adchoices
    The Journal.
    enJune 18, 2024

    Related Episodes

    The Due Diligence You Need In Note Investing With Fred Moskowitz

    The Due Diligence You Need In Note Investing With Fred Moskowitz

    Fred Moskowitz joins the podcast again with advice for note investors. He discusses the need to understand the nuances of not just the state, but sometimes a local jurisdiction that you are buying a note in. We also talked about the importance of doing due diligence not just on an asset, but on the counterparties you are working with as well. Fred thrives in this industry because he values relationships and he was able to learn from the best. So this is also your chance to learn from an industry veteran’s expertise within the note investing arena for you to be able to start and hopefully grow your capital!

     

    Love the show? Subscribe, rate, review, and share!

    Join the The Note Investor Community today:

    A Mashup: Tips On Monetizing Your Personal Brand or Business | The Best of #AskGaryVee

    A Mashup: Tips On Monetizing Your Personal Brand or Business | The Best of #AskGaryVee

    Hey guys I hope you really enjoy this mashup of content focused around the what, how, when and why to personalize your business or personal brand. You'll learn what you need to do to start, when to start and a whole lot more. Hope you love it, featuring Cha Tha God, Jason Calacanis, Kai Greene, Lauryn Evarts, Sara Dietschy, and Mason Plumlee.

    --- Send in a voice message: https://podcasters.spotify.com/pod/show/garyvee/message

    Owning your expertise

    Owning your expertise

    Stand up and own your expertise - you can create an impact and be influential through what you already know. 

    How can owning who you are and what you do develop you further - how can you get out of your own way so that you own it?

    Are you letting the limits of your expertise - the stuff that you still need to learn - hold you back from showcasing where you are right now?

    Does language get in the way for you - do you grapple with being an 'expert'?

    If you're answering 'yes' here - then listen to this episode and hear our thoughts and the tools we share to help you own yourself and your expertise a lot more. 

    Is business coaching useful?

    Is business coaching useful?

    Business coaching, once more, is a method which is often criticised. Can the help of a coach be useful for your business? If so, which aspects do you need to consider to make the right decision about coaching in your organisation?

    Niels Brabandt discusses the topic in this week's episode.

    Your host: Niels Brabandt / NB@NB-Networks.com 

    4 Leadership Struggles I Had to Overcome

    4 Leadership Struggles I Had to Overcome

    Lonely Leadership

    What are leadership struggles? Many leaders act as if the point they’ve reached in their careers was easy to reach. From my perspective, as I progressed throughout my career, I ran into many different struggles. These struggles are some that I believe every leader will encounter. Rather than hiding these struggles from you, I will be putting them out in the sunlight for all of you to see. I have come to realize that all leaders are alike. As much as we think we are different, we are not as unique as we think. We all share the same struggles. On today’s show, I will be discussing the various struggles all leaders face and how to counteract them.

    The first leadership struggle I’ve encountered is lonely leadership. As you progress through an organization it gets harder to find people that understand you. Great leaders are told that transparency is a must. Be transparent. Share things with others around you. While transparency holds importance, is it always the answer? Transparency is only important to a point. There are some things you should not be transparent about.

    You should never be transparent about your self-doubt. Being open about your struggles with employees can cause them concern about your organization. Secondly, never be transparent about your opinion of others. Especially key stakeholders. They will find out. My philosophy is to never burn a bridge no matter what. This decision has come back to benefit me throughout my career.

    Thirdly, never be transparent about confidential information shared with you. I’ve seen may promising leaders sidelined because of issues of integrity and trust. Building a reputation of integrity as a leader is crucial. It can be lost in just one decision. Don’t make that mistake. This will shatter your career. Being a leader is lonely. Who can you share things with? Your spouse? Not always. I remember when I was at Teligent and we were the hottest new thing. We were on the cover of Business Week, Forbes, WSJ, NY Times etc. My wife was at her hairdresser one day, and the hairdresser was drilling her about information on Teligent. He assumed she had access to confidential information and was getting aggressive. After that, me and my wife came to an agreement to protect her. I do not share any confidential information with her. Never. She doesn’t want to be in that position.

    Is there anyone you can be transparent with? Your coach or mentor. Let your board/shareholders know that you have a coach or mentor. If you’re going to share confidential information with someone, they should sign a non-disclosure agreement. All of this said, you will be lonely as a leader. It comes with the position. Do you have someone that you can be transparent with?

     

     

    What Got You Here Won’t Keep You Here

    Will the skills that helped you reach your position keep you there? These things will not keep you here or progress you in your career. Look at me for instance. My specialty is technical work. I have not touched technical work in 15 years. I had to learn new skills in order to advance. How did I learn those different skills? Right out of college, I was told by my mentor Bob that in order to find success, I had to broaden my playing fields. I knew my specialty very well, but I needed to have a variety of experiences. What did I do? I rotated in marketing, sales, finance, IT, etc. I did everything. While these experiences broadened my knowledge, it wasn’t enough. What were the skillsets that brought me to success?

    • Organization design - How do you structure a team? You have to be willing to adjust in order to create a successful organizational structure.
    • People Reading - Each person is unique and you have to commit to learning them.
    • Consensus BuildingLearn the individuals and their objectives. I do one on one calls with each member of my board before meetings. This helps me to get a better grasp on the thoughts and feelings of each member.
    • Objective Setting – How do you set good objectives? use OKR’s/make sure they are clear and measurable. Grant autonomy letting your experts use their skills to achieve ultimate success.

     

    Consequences of Ideas and Statements

    Ideas and statements made as a leader have consequences. Things will get taken out of context and all the sudden they become the “new law”. When I was CEO at Cable Labs, I told my team that the most common statement they would hear was “Phil said”. In many cases what I said was misinterpreted or misused. The best proof point of this in my career is press coverage. If you google my name and read the articles on the first 16 pages of google, not a single article got the situation 100% correct. At Cable Labs, we had issues with the press pushing out false information. This caused employees to start worrying about the longevity of our Colorado office. I had to call a meeting with my all my employees to address this issue. I made a commitment to my staff that day that they would hear from me first, and not the press. In fact, this created a new culture at Cable Labs called the “no surprise rule” to constantly remind my employees of this. Why do I do this? Because ideas and statements can be a disaster. You need to be hyper-vigilant about what you say, how you say it, and how you operate. Are you conveying statements the right way?

     

    Creative Self-Doubt

    What is the number one skill leaders are expected to have? Creativity/ ingenuity leading to product, service, and operational innovation. Many leaders get promoted to a leadership role because of innovation they are credited with. Look at Nobel Laureates. There is a trend of peaks seen from the recipients of Nobel awards. One in their mid-twenties and one in their mid-fifties. The question comes down to this. Do you still have your creativity?

     

    What type of innovator are you?

    Conceptual Innovators - “Think outside the box,” challenging conventional wisdom and suddenly coming up with new ideas. Conceptual innovators tend to peak early in their careers.

     

    Experimental Innovators - Accumulate knowledge through their careers and find groundbreaking ways to analyze, interpret and synthesize that information into new ways of understanding. The long periods of trial and error required for important experimental innovations make them tend to occur late in a Nobel laureate’s career. Success comes from recognizing that as an innovator we need to shift from the conceptual to the experimental.

    Let’s connect; I am on LinkedIn, Facebook, Twitter. If we do connect, drop me a note and let me know. The email address is feedback@philmckinney.com or you can go to PhilMcKinney.com and drop me a note there. If you are looking for innovation support go to TheInnovators.Network or want to be challenged to develop the next big idea, check out our Disruptive Ideation Workshops. Don’t forget to join our Innovators Community to enjoy more conversations around innovation.