Head of a Young Woman

Head of a Young Woman is a painting by Pablo Picasso.[1] It belonged to Jaime Botín, a billionaire Spanish banker.[1] On September 12, 2017, the judge Enrique Presa sent Botín to jail, fined him €133 million and confiscated the painting.[2] Apparently, Botín had tried to smuggle it into Corsica, France to later sell it in Geneva, Switzerland, thereby violating the non-exportability status that the Spanish Government had granted the painting.[2] Ownership of the painting was transferred to the Kingdom of Spain by court order. The painting is now located at the Museo Nacional Centro de Arte Reina Sofía.[3][4]

References

1. Kim Willsher, €25m Picasso and superyacht collide with Spanish export ban, The Guardian, August 4, 2015
2. eldiario.es. "El juez manda al banquillo a Jaime Botín por contrabando del Picasso y le impone 133 millones de fianza". eldiario.es (in Spanish). Retrieved 2018-12-07.
3. https://www.cbsnews.com/news/spanish-banker-jaime-botin-guilty-for-smuggling-picasso-painting-out-of-the-country/
4. https://www.bloomberg.com/news/articles/2020-01-16/a-botin-took-a-picasso-from-spain-on-a-yacht-it-cost-him-dearly