Ex-banker jailed for trying to smuggle Picasso painting out of Spain | World News


A bank boss who was found with a Picasso painting on his boat has been jailed for 18 months after being found guilty of trying to smuggle the artwork out of Spain.

The painting, Head of a Young Woman, is worth €24m (£20.5m) and was deemed a national artistic treasure by Spain, meaning it was banned from leaving the country.

Spanish police experts flew out to the French island of Corsica in 2015 to retrieve the artwork from owner Jaime Botin, who was the head of Bankinter at the time.

Botin’s boat was seized when the captain was not able to produce the right documentation, before being raided by authorities who found the painting on board.

The painting was seized by Spanish police from Botin’s boat
Spanish Civil Guards push a box containing Picasso's painting "Head of a Young Woman" at the Reina Sofia museum in Madrid after being transferred from the French island of Corsica, on August 11, 2015. The Picasso worth more than 25 million euros and owned by the Spanish banker Jaime Botin, was transferred to Reina Sofia museum today after it was seized from a yacht on July 31 by French customs agents who accused the painting's owner of trying to illegally export it to Switzerland. AFP PHOTO / GERARD JULIEN        (Photo credit should read GERARD JULIEN/AFP via Getty Images)
Botin’s boat was seized when the captain was not able to produce the right documentation

As well as an 18-month jail term, Botin was handed a €52.4m (£44.75m) fine. The painting’s ownership has been handed back to the Spanish state.

The 1906 oil painting, which is a portrait of a woman with long black hair, is deemed as one of Pablo Picasso’s masterpieces and comes from his so-called “pink period”,

Botin’s sentence can be appealed.

Source link


Please enter your comment!
Please enter your name here