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Council gets $100k insurance payout over wool trophy theft
Key takeaways
- Launceston City Council has confirmed it received a $100,000 insurance payout for the theft as the trophy was on loan from the council-owned Queen Victoria Museum and Art Gallery.
- The council says an audit has recently been completed of other items on long-term loan with no others considered to be at risk.
- The Ermenegildo Zegna Perpetual Trophy features a 24-carat gold sheep and is considered among the most prestigious wool industry trophies in the world.
Why this matters: an international story with cross-border implications worth tracking.
A prestigious wool industry trophy featuring a 24-carat gold merino sheep and a weaving loom made of silver and platinum was stolen from a small museum in Tasmania's northern midlands last year and has not been recovered.
Launceston City Council has confirmed it received a $100,000 insurance payout for the theft as the trophy was on loan from the council-owned Queen Victoria Museum and Art Gallery.
The council says an audit has recently been completed of other items on long-term loan with no others considered to be at risk.
Article preview — originally published by ABC Australia. Full story at the source.
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