Art Investment

Picasso painting seized in Corsica, moved to the Museum in Madrid

To determine the further fate of the "Portrait of a young woman" by Picasso from the collection of the former banker Jaime Butene picture will be stored in the Reina Sofia in Madrid

Spanish police carried a picture of Pablo Picasso's "portrait of a young woman" (1906), which was seized by the French customs boat in Corsica, in the Reina Sofia in Madrid. A work of art, the cost of which, according to Spanish police, is 26.2 million euros (28,7 million dollars), was moved from Corsica to Madrid by professional restorers and specialists in transporting cartin@

"Picture will stay in the vault of the Reina Sofia until then, until you define its further destiny", — said in an interview with the representative of the Museum, which stores, for example, such masterpieces as "Guernica" Picasso@

Corsican police in July of this year came the confidential information, what a Picasso "portrait of a young woman" I want to take out illegally to Switzerland. During the search of the yacht, which was a canvas, the captain of the vessel was found just two accompanying document to the painting, and one of them was the decision of the Spanish court prohibiting the removal of this work from the Spanish territory. As a result the painting was seized. The owner of the work and his counsel condemn the actions policeiskih@

the owner of the paintings is a famous Spanish banker, now a 79-year-old Jaime Butene (Jaime Botin). According to counsel Butene, Picasso he bought in 1977 at an auction in London and ever since then she was constantly on his yacht, which, in turn, registered in the UK and the place of its permanent home is London. On this basis, the lawyer concluded that a yacht can be considered the territory of another state, even if it comes to Parking in the ports of Spain. So, it cannot be assumed that the picture was trying to take — at least legally, though illegal, says Advokat@

These arguments, however, was not convinced by Spanish police. In them lies a huge contradiction, if we take into consideration that himself owner in 2012 asked the Ministry of culture of Spain, permission to export cloth. Then he refused. And in 2015, a Spanish court refused povtorno@

Sources: artnet.com, artinvestment.ru


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