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Jaime Botin's Picasso returns to Spain to be under custory at the Reina Sofía Museum

News - Wednesday, August 12, 2015
Returned to Spain a Picasso worth over 25 million euros. The artwork Cabeza de Mujer Joven (Head of a young woman), by Pablo Picasso,  has been transferred to the Reina Sofía Museum in Madrid. The painting, which was subject to a Spanish export ban, had been seized by French customs at the end of July. The artwork, estimated to be worth 26.2 million euros ($28.7 million), is considered a national treasure in Spain. Owned by Jaime Botin, a well-known Spanish banker whose family founded the Santander banking group, the painting was seized from a British-flagged yacht off Corsica, halting what they said was an attempt to export it to Switzerland.

 

 

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