A missing Picasso painting worth $28 million has been recovered by a Dutch art detective, 20 years after it was stolen from the yacht of a Saudi sheikh off the south coast of France
The 1938 masterpiece, entitled"Portrait of Dora Maar" or"Buste de Femme ," vanished from the yacht of Saudi billionaire Sheikh Abdul Mohsen Abdulmalik Al-Sheikh while it was being refurbished in the town of Antibes in 1999.
Arthur Brand, a renowned Dutch art detective dubbed"the Indiana Jones of the art world," said he first discovered that a stolen Picasso painting had emerged in the Netherlands in 2015, but did not know which work it was. Brand discovered that the painting had been circulating the criminal underworld for numerous years, regularly being used as"collateral" and appearing"in a drug deal here, four years later in an arms deal there."
Christopher Marinello, CEO of Art Recovery International -- a law firm specializing in the recovery of stolen artworks -- told CNN that it is"highly significant and very encouraging" that insurance companies are pursuing stolen artworks long after cases have been closed."It is great to see a work of this importance surface and not be the subject of intense litigation."
Still, the recovery of the Dora Maar painting is raising some questions, for instance as to whether anyone had been paid.
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