Picasso’s €25mln masterpiece seized from yacht off CorsicaAugust 5, 2015 - 16:29 AMT PanARMENIAN.Net - A Pablo Picasso painting worth more than and considered a Spanish “national treasure” has been seized from a British-registered yacht moored off Corsica, French authorities have confirmed, according to the Telegraph. Head of a Young Woman was seized onboard a vessel off Calvi on the west coast of the Mediterranean island following “an attempt to export (the work) to Switzerland”, French customs officials confirmed in a statement. The work Picasso painted in 1906 and valued at “more than €25 million” is the property of Spanish billionaire Jaime Botin, the largest shareholder of Bankinter and whose great grandfather founded Spain’s largest bank, Santander. Botin reportedly bought the painting in 1977 at the Marlborough Fine Art Fair in London for his personal collection. He has a stake in the company that owns the yacht where the painting was found but “was not on board at the time”. French customs officials are now awaiting an official Spanish request to recover the painting, the Telegraph says. Photo: AFP Top stories The creative crew of the Public TV had chosen 13-year-old Malena as a participant of this year's contest. She called on others to also suspend their accounts over the companies’ failure to tackle hate speech. Penderecki was known for his film scores, including for William Friedkin’s “The Exorcist”, Stanley Kubrick’s “The Shining”. The festival made the news public on March 19, saying that “several options are considered in order to preserve its running” Partner news | Ameriabank's Trade Finance portfolio enriched with four prestigious awards from EBRD and IFC Ameriabank received the awards from international financial institutions in recognition of its trade finance operations. Armenian Economy Minister to make trip to UAE May 20-22 A delegation led by Minister of Economy Gevorg Papoyan will travel to the UAE capital of Abu Dhabi on May 20-22 Armenia Security Council chief traveling to Qatar Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar. Pillars installed in Armenian border village of Kirants In the Armenian village of Kirants, three border markers have been installed, and border guards stand next to them. |