The Publishers Weekly complimented Spirin's illustrations and Madonna's comic writing while describing the seven thieves, but criticized her "soapbox approach" in telling a witty story. The review also noted Spirin adding minute details to the images, including "the smallest features of 18th-century European town life: cobbler's nails, brass drawer-pulls, feather pens, children's toys". Deirdre Donahue from USA Today also complimented Spirin's paintings, but was critical of the story, calling it "dreary and inappropriate" as well as "lackluster and verbose". She criticized the fact that Spirin's name was not present on the book cover art and felt that Yakov and the Seven Thieves was the "worst" of Madonna's three published children's books. "Dying children, prayers, criminals praying to open the gates of heaven. It's positively Grimm. Yakov will either bore or frighten children," Donahue concluded. Tim Adams from The Observer compared the release to the work of Hans Christian Andersen, but added that the "triteness of the story and the easiness of the moralising is more than redeemed by the excellence of the illustrations".
