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$27 Million Picasso Masterpiece Smuggled from Spain by Banker Seized in Corsica

August 4, 2015

 Pablo Picasso's Head of a Young Woman (1906) was found on a boat in Corsica, French authorities have said.


Source: Artnet News 


An early painting by Pablo Picasso declared a Spanish national treasure and barred from leaving Spain has been seized by French authorities from a boat docked in Corsica, El Mundo reports.

Picasso's Head of a Young Woman (1906), worth around €25 million ($27 Million) is the property of the banker Jaime Botín, brother of the late banker and philanthropist Emilo Botín, from the Santander group. It was declared a cultural tre