Hey Dave:
Here is what I got from the seller:
I have talked to the owner and I am going to speak to his insurance company today to find out if they will be wanting to sell it.If they do and want it to stay listed I will sell if they do not I will end the auction. I am waiting to speak to law enforcement also. I should know by tomorrow I would guess.Thanks, (Name Omitted)
Logically, if the owner collected insurance on the item, it then belongs to the insurance company. I am sure the owner could give back the settlement to get the bass back, but who knows on that matter. If I was seriously interested in this bass, I would not give up on the auction, as if the insurance company gives the go ahead to sell the bass and get their cut, someone will be the proud owner of this spiffy treasure.