An important Picasso painting belonging to a member of Spain’s Santander banking dynasty has been discovered on a yacht thought to be bound for Switzerland.
The painting, Head of a Young Woman, has been declared a national treasure and the owner was bound by a 2013 Spanish court order that upheld a ban to prevent him from taking the painting out of Spain. The yacht was moored in Valencia but authorities were tipped off that the same boat had sailed to Corsica en route to Switzerland, from where it is believed the painting could be transported for auction. Art experts claim the painting is exceptionally important to Spain because it is one of just a few created during the period when Picasso was clearly influenced by Iberian art. Read more: theguardian.com