The agreement reached between Yale University and the government of Peru may long serve as a model for cultural property negotiations. After eight years of legal disputes, the two sides reached an agreement last November 23 that provides for the return of some 5,000 artifacts that will be housed in a newly established research center, co-managed by Yale and the Universidad Nacional de San Antionio Abad del Cusco. The International Center for the Study of Machu Picchu and Inca Culture will house the artifacts excavated from Macchu Picchu in the early 190os by Yale archeologist Hiram Bingham. See the text of the Nov. 23 agreement here.
More than 350 objects returned to Peru on Wednesday, March 30. According to Yale Daily News, Peruvian president Alan Garcia was “profoundly satisfied” to see the return of the once disputed artifacts.
The next shipment of objects is scheduled for December 2011.
http://www.yaledailynews.com/news/2011/mar/31/first-artifacts-return-to-peru/ (accessed April 28, 2011)