Recently recovered Minoan statuette valued at 1.3 million euros

Back in My 2015, Greek authorities announced the arrest of four people in Iraklio, Crete on charges of attempting to sell a priceless 3,500-year-old statuette of a young man, dated to the mid-Minoan era. Now, the statue has been valued and the number is astronomical.

The 30cm-high bronze statuette is of a young man in worship, his hands folded across his chest, making it a unique find of its type throughout the island of Crete. The figure has long hair, a gold-plated belt and remains of gold leaf on its calves and left knee. At the base is a peg indicating that it was probably set on a pedestal in an area of worship. Archaeologists at the Lasithi Antiquities Ephorate have dated the statuette to the 16-15 century B.C.

The case was cracked as a result of a coordinated Hellenic Police (ELAS) operation that culminated in the arrests of four men, two aged 35 and two aged 41 years old. Police initially stopped one of the 35-year-olds driving a car, in which they found an ancient bronze artifact. The other three men were following behind in two private trucks and also arrested. The police inquiry revealed that the suspects had illegal possession of the statuette and that two of them had shown this to unknown prospective buyers, while the other two were acting as lookouts along the route. The statuette was handed over the antiquities ephorate and the car confiscated as evidence, while police are continuing the inquiry. The four suspects were led to the Lasithi misdemeanors' court prosecutor.

From that point on, a commission set up by the ministry carried out an evaluation of the statue to determine the value. They came to a sum of 1.3 million euros. The commission arrived at this price estimate based on the figurine’s age, material and structural features but mostly on its unusual size, noting that it was the largest of its kind ever found.