Dimitris Papaioannou / AP
Onlookers and police gather near the museum in Olympia, Greece, following Friday's theft.
By msnbc.com staff and news services
Updated at 10:16 a.m. ET: ATHENS, Greece?-- Armed thieves looted a museum on Friday in Greece's Olympia, birthplace of the Olympic Games, stealing bronze and pottery artefacts just weeks after the country's National Gallery was also burgled.
Culture Minister Pavlos Geroulanos offered to resign following the robbery.
Police said armed thieves overpowered a female security guard and stole some 70 bronze and pottery objects. The culprits reportedly used hammers to smash display cases.
"They overwhelmed and gagged the woman who guarded the building," a police official told Reuters. "The value of the objects stolen has not been estimated yet."
Sporting authorities are to hold a ceremony at the museum on May 10 to light the Olympic flame for the London Games.
In January, three works of art, including one by Pablo Picasso and another by Dutch painter Piet Mondrian, were stolen from the country's National Gallery in the capital, Athens.
After the first gallery robbery, culture ministry officials said cuts to museum budgets had damaged security arrangements.
Greece has seen a rise in crime as its debt-laden economy has shrunk 16 percent in size from its 2008 peak, leading to youth unemployment of just under 50 percent.
Rioters burn 45 buildings as Greek government backs cuts
A government spokesman said Prime Minister Lucas Papademos would decide whether to accept Geroulanos' resignation once all the facts were clear.
According to the FBI, the?stolen antiquities trade is worth more than $6 billion per year.
The agency runs the National Stolen Art File, a computerized index of reported stolen art and cultural properties, for the use of law enforcement agencies across the world. It also?maintains a task force 13 special agents dedicated to investigating the trade.
More from msnbc.com and NBC News:
The Associated Press, Reuters and breakingnews.com's David Wyllie contributed to this report.
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