According to a source familiar with the situation, the Swiss Prosecutor's office sided with the current owner of the painting and lifted restrictions on the further actions with it

Previously Aivazovsky painting was removed from the Swiss auction Koller at the request of the national Bureau of Interpol of the MIA of Russia. The position of our bodies, supported by the Ministry of culture, is that this "View of Reval" is actually called "Sea" and this picture was stolen from the Museum's collection-заповедника "Dmitrov Kremlin" in 1976.

But, just such arguments, for Switzerland is not enough. For the claim of a pattern of illegal use need concrete evidence and clear passage of the legal procedure. That's probably a long, expensive and does not guarantee success. A source familiar with the situation, with reference to the owner of the auction Cyril Collier (Cyril Koller) said on the forum ARTinvestment.RU on October 24, the Swiss Prosecutor has removed restrictions from the painting, and the Ministry of culture is unlikely to reclaim the painting.

Now, as they say, the Ministry of culture is the main hope "on a voluntary Patriotic gift of a picture the present owner". We will remind that at last auction (the "revel" and removed) the assessment of the auction house for this picture Aivazovsky was $480 000-670 000. In 2006, during the period of excessive price growth on the market of Russian art, Aivazovsky bought for $1 262 000. Now, according to our estimates, its market price is rather $300 000-350 000.

the story of the painting has not yet ended. But it is clear that its quick and triumphant return to Russia, in what many thought should not expect more.

Source: forum.artinvestment.ru

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Stolen in the USSR Aivazovsky was removed from the auction in Switzerland.