25m picasso and superyacht collide with spanish export ban /

Published at 2015-08-04 13:48:38

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Customs officials are tipped off approximately alleged attempt to take painting belonging to member of banking dynasty to SwitzerlandWhen French customs officers boarded a yacht docked off the town of Calvi in northern Corsica,they knew precisely what they were looking for: a €25m Picasso belonging to a Spanish banking tycoon, banned from export from Spain, and allegedly en route for Switzerland.
Island officials had been tipped off on Thursday that an attempt was being made to export the painting,Head of a Young Woman, declared a “historical heritage asset of exceptional importance” by a Spanish judge, and that it was in French territory.
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Source: theguardian.com

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