Picasso painting seized from yacht

French authorities seized a Pablo Picasso painting from a yacht belonging to a member of a well-known Spanish banking family that was docked in Corsica.
Author:
Updated:
Original:

French authorities seized a Pablo Picasso painting from a yacht belonging to a member of a well-known Spanish banking family that was docked in Corsica.

Picasso’s 1906 “Head of a Young Woman” is a unique painting, the only example in Spain from a pivotal period in the artist’s life, according to the New York Times.

Because of that status, the courts labeled it a “national treasure” that should not be sold outside the country.

Jaime Botín says the painting is simply his personal property. Purchased in 1977 and kept on his yacht, it is valued at around $28.3 million.

After an apparent tip from Spanish authorities, the painting was seized by French customs officials.

The Spanish government contends that Mr. Botín was trying to move the Picasso to Switzerland for sale, in defiance of a court ruling invoking a Spanish law meant to shield such works of art from export.

Botín’s lawyer said in a statement that his client is pressing an appeal to Spain’s Supreme Court, arguing that the painting could not have been exported unlawfully because it was purchased abroad, and its permanent address was aboard the yacht, which is registered in Britain.

Related

ABYC Foundation Seeks Nominations for Educator Award

The award recognizes “an outstanding instructor who is shaping future marine service technicians.”

P.R. Firm Rushton Gregory Signs ePropulsion

The Chinese manufacturer of electric propulsion products introduced a standardized lineup earlier this year.

Dometic Updates Pro-Trim System

The new design allows boaters to trim the outboard and adjust the jack plate without removing their hands from the wheel.

Brunswick Partners with Carnegie Robotics

Through the alliance, Brunswick aims to enhance its autonomous technology offerings.

Nicole Vasilaros to Depart NMMA

The group credits the senior vice president of government and legal affairs for “countless contributions to the protection and expansion of the recreational boating industry.”

Site Unseen

A website is often the first interaction a customer will have with a dealership, but it must provide more than an online brochure or they will click elsewhere.

C.G. Amends Documentation Rules

Federally documenting a boat now must be done every five years, rather than annually.

The 2021 Top 10 Most Innovative Marine Companies Awards

The marine industry consistently honors products and people. The industry, however, has not recognized forward-thinking companies that are moving the industry in new directions. Soundings Trade Only’s mission is to reflect, inform and inspire.