The Frame That Swallowed $900K: Inside the Cutter Creek Swap
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The Frame That Swallowed $900K: Inside the Cutter Creek Swap
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A gilded seventeenth-century Flemish frame worth about $400,000 was found bungee-corded to a bridge piling in rural Indiana with a $300 Dutch harbor painting inside - the same frame had carried four different canvases over nineteen months and shipped with weight discrepancies of 11 pounds in, 7 pounds in, and 9 pounds out. Who kept swapping paintings into the frame and why did one buyer's question make the frame disappear into Cutter Creek?
In this episode, we follow the discovery at dawn, the paperwork trail of three authentication letters and multiple shipping manifests, and the young federal agent assigned to the case; what emerges is a scheme built around a single object and the unanswered question of who handled those canvases.
Person: Randy Wallace
Person: Larry Stewart
Institution: Colefield Museum
Date: Mid-August 2017
Value: $400,000
- The frame was roughly three feet tall and bungee-corded to a concrete piling beneath the Route Nine bridge about forty miles outside Harwick, Indiana.
- The canvas found inside when the frame was recovered was a Dutch harbor scene appraised at about $300.
- The frame had been authenticated as seventeenth-century Flemish and valued at approximately $400,000 by three separate institutions.
- Shipping manifests showed the frame arrived eleven pounds heavier at Colefield Museum, seven pounds heavier at Harwick University conservation lab, and left nine pounds lighter from Reston Appraisal Group.
- Larry Stewart was twenty-three years old and fourteen months into the FBI Midwest Regional Art Crime Unit when he took the Cutter Creek case.
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