$1.2 MILLION FOR DAMAGED REMBRANDT

Moscow’s Pushkin Museum of Art will receive $1.2 million in compensation from insurers for damages suffered by a Rembrandt painting on the way to an exhibition in Houston. The painting “Portrait of an Old Woman,” suffered a tear of approximately six inches in the lower right corner, which was subsequently repaired. The compensation is based on the diminished value of the work of art, and is the highest known award of its kind.