Ron Shore holds a solid silver eagle statue at Portage and Main St in Winnipeg Nov. 3, 2010. (THE CANADIAN PRESS/ Winnipeg Free Press - Joe Bryksa)

Stolen golden eagle not worth $7M

Owner claims he was ambushed by two men, and had planned to sell the statue to raise money for breast cancer research

A diamond-studded golden eagle statue reported stolen in a violent robbery in 2016 is worth $930,450, not $7 million as its owner originally claimed, according to court documents.

Ron Shore’s company Forgotten Treasures International Inc. has filed a lawsuit in B.C. Supreme Court against several insurers for denying his claim over the theft of the eagle.

Shore made an emotional plea for the return of the statue at a news conference in June 2016. He told reporters he was in Delta, B.C., when two men ambushed him, hit him over the head with a large flashlight and stole the eagle, plus a less-valuable decoy.

At the time, he said the elaborate eight-kilogram sculpture had been appraised at $7 million and he planned to sell it to raise money for breast cancer research.

In the recently filed lawsuit, Shore says the appraised value of the eagle is $930,450.

When reached by phone Thursday, Shore said he could not comment on the discrepancy because of the ongoing police investigation into the theft.

“Everything can be explained in court and it’s a very simple situation,” he said. “I have been instructed by the police not to say anything. It’s all part of the investigation.”

Delta Police spokeswoman Cris Leykauf confirmed officers were still investigating the case.

In the statement of claim, Shore’s company says it operates an international treasure hunt to raise money for cancer research. The focus of the treasure hunt is the eagle sculpture, which is made of solid gold and encrusted with 763 diamonds, the company says.

At the end of the treasure hunt, Forgotten Treasures planned to sell the golden eagle in order to finance the final prize, with the remainder of the proceeds being donated to cancer research, the statement of claim says.

The court document describes the attack that Shore says he suffered. It says he took the eagle to an event to promote the treasure hunt, and as he was walking to his car, he was attacked, hit over the head and robbed.

Thieves snatched the golden eagle as well as a silver eagle worth approximately $175,000, the lawsuit says.

Shore chased one of the thieves and caught up with him when he got into a truck, the lawsuit says. He reached into the truck through the window and grabbed the robber, who dragged him for about 200 metres before running over his leg, it says.

The leg injury resulted in two surgeries and a year-long recovery, the statement of claim says.

It also says a witness called police and, despite Shore’s full co-operation with officers, the theft remains unsolved.

None of Shore’s allegations have been proven in court.

Two insurers named in the lawsuit — Endeavour Insurance Services Ltd. and Hub International Ltd. — did not immediately return requests for comment.

Another firm, Lloyd’s Underwriters, said it cannot comment on matters involving ongoing litigation.

No statement of defence has been filed.

The lawsuit says Shore immediately notified the insurers of the theft, but a claims adjuster “failed to examine the claim objectively, treating the denial of coverage as a foregone conclusion.”

At one point, the adjuster appeared to make an immediate settlement offer if Shore would take a lie detector test, the lawsuit says. Shore immediately agreed to take the test, but the adjuster revoked the offer, the lawsuit says.

The insurers formally denied coverage in October 2016, the lawsuit says.

Shore’s company is seeking $400,000 in compensation for the gold eagle and $53,750 for the silver eagle.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

PHOTOS: Alberta male team takes silver in Winter Games relay speed skating

Alberta was close behind Quebec in the team relay speed skating finals

Alberta was crowned champions in Wheelchair Basketball at Canada Winter Games

Ontario won silver while Quebec took home the bronze medal

Rabbits saved from barn fire in Ponoka County

The Ponoka County East District Fire Department was called to a barn fire

Bashaw peewee club’s season comes to an abrupt end

Players decide not to go into playoffs without one of their teammates

Ponoka man attacked by dogs issues plea to town council

Troubles with bylaw and handling of court case prompts presentation to council

National Energy Board approves Trans Mountain pipeline again

Next step includes cabinet voting on the controversial expansion

WATCH: Pet therapy brings calmness to Winter Games athletes

Canada Winter Games in Red Deer continue on until March 2nd

R. Kelly charged with 10 counts of sexual abuse

R&B star has been accused of sexual misconduct involving women and underage girls for years

Child advocacy centre raising funds through Dream Home Lottery

The child advocacy centre in Red Deer uses its resources to help kids all over Central Alberta

Trudeau tells Canadians to listen to clerk in SNC-Lavalin matter

Privy Council clerk Michael Wernick delivered a blunt assessment at the House of Commons justice

Mueller report looming, new attorney general in hot seat

Robert Mueller is required to produce a confidential report to pursue or decline prosecutions

B.C. woman shares story of abuse with church officials ahead of Vatican summit

Leona Huggins was the only Canadian in the gathering ahead of a historic summit at the Vatican

Sylvan Lake’s Megan Cressey misses Freestyle Skiing Big Air podium

Alberta’s Jake Sandstorm captured silver in the men Freestyle Skiing Big Air contest

Why do zebras have stripes? Perhaps to dazzle away flies

Researchers from University of Bristol look into why zebras have stripes

Most Read