{"id":1418,"date":"2022-02-14T11:52:02","date_gmt":"2022-02-14T03:52:02","guid":{"rendered":"https:\/\/www.atelierauction.com\/globalupdates\/?p=1418"},"modified":"2022-02-14T11:52:02","modified_gmt":"2022-02-14T03:52:02","slug":"picasso-painting-that-jaime-botin-tried-to-smuggle-out-of-spain-heads-to-reina-sofia-in-madrid","status":"publish","type":"post","link":"https:\/\/www.atelierauction.com\/globalupdates\/artist\/picasso-painting-that-jaime-botin-tried-to-smuggle-out-of-spain-heads-to-reina-sofia-in-madrid\/","title":{"rendered":"Picasso Painting That Jaime Bot\u00edn Tried to Smuggle Out of Spain Heads to Reina Sof\u00eda in Madrid"},"content":{"rendered":"<p>A $27 million Picasso painting that landed collector Jaime Bot\u00edn in legal trouble is now on view at the Museo Reina Sof\u00eda in Madrid. Titled\u00a0<em>Head of a Young Woman<\/em>\u00a0(1906), the painting became the subject of scrutiny when Bot\u00edn, the scion of the family that founded the Santander bank, attempted to smuggle it out of Spain.<\/p>\n<p>In a statement, Bot\u00edn, a member of a mega-collecting family that regularly appears on\u00a0<a href=\"https:\/\/www.atelierauction.com\/globalupdates\/\" target=\"_blank\" rel=\"noopener\">the\u00a0<em>ARTnews<\/em>\u00a0Top 200 Collectors list<\/a>, said that the museum had \u201cdecided\u201d to show the painting. He maintained his innocence, saying, \u201cFollowing the export ban on the painting in 2012, it was never my intention to sell it or to escape the law. On a personal level, I can only regret the rigorous application of this law which, in my opinion, has led to disproportionate measures that must be corrected, but which I respect as a citizen.\u201d<\/p>\n<p><em>Head of a Young<\/em>\u00a0<em>Woman<\/em>, which dates back to Picasso\u2019s Rose Period, has been in Bot\u00edn\u2019s collection since 1977. In 2015, the Spanish Ministry of Culture forbade the painting from leaving the country on the basis that it was a national treasure. French customs agents seized the work from a yacht docked in Corsica. Authorities said they believed that Bot\u00edn was planning to sell the work in Switzerland, though he has denied that allegation.<\/p>\n<p>In 2020, a Spanish court ruled that Bot\u00edn would have to pay \u20ac91.7 million ($101.2 million) and spend three years behind bars. His sentence was later lowered to 18 months and his fine brought down to \u20ac52.4 million ($58.3 million). Last year, the court said Bot\u00edn was allowed to\u00a0<a href=\"https:\/\/www.atelierauction.com\/globalupdates\/\" target=\"_blank\" rel=\"noopener\">avoid jail time<\/a>\u00a0because he had an \u201cincurable illness.\u201d<\/p>\n<p>The painting\u2019s exhibition at the Reina Sof\u00eda is another example of intermingling public and private interests taking place right now in Spain\u2019s top museums. It comes as the Spanish state continues to negotiate to keep on view the rich Impressionist and modern art holdings of\u00a0<a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\" target=\"_blank\" rel=\"noopener\">Carmen Cervera<\/a>, who has long exhibited works from her collection at the Thyssen-Bornemisza Museum in Madrid. Similarly, in 2018, Ella Fontanals-Cisneros had\u00a0<a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\">signed<\/a>\u00a0a major deal with the government to donate a large portion of her collection to create a new museum of Latin American art there; that plan was\u00a0<a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\">canceled<\/a>\u00a0in 2020. Deals such as these ones have proven controversial in Spain.<\/p>\n<p>In his statement, Bot\u00edn said he hoped to eventually exhibit the Picasso painting at his family\u2019s Centro Bot\u00edn in Santander. He also defended the close relationships between state-run Spanish institutions and private collectors, saying, \u201cThe destiny of any private collection is to end up either in a private art center or as a donation to a public museum for all to enjoy. Without private collectors, the walls of the world\u2019s museums would be empty.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Source\uff1ahttps:\/\/www.artnews.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A $27 million Picasso painting that landed collector Jaime Bot\u00edn in legal trouble is now on view at the Museo Reina Sof\u00eda in Madrid. Titled\u00a0Head of a Young Woman\u00a0(1906), the painting became the subject of scrutiny when Bot\u00edn, the scion of the family that founded the Santander bank, attempted to smuggle it out of Spain. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1419,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,13,7,4,3],"tags":[],"class_list":{"0":"post-1418","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artist","8":"category-auction","9":"category-events","10":"category-gallery","11":"category-latest-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Picasso Painting That Jaime Bot\u00edn Tried to Smuggle Out of Spain Heads to Reina Sof\u00eda in Madrid - Investable Art Auctioneer<\/title>\n<meta name=\"description\" content=\"A $27 million Picasso painting that landed collector Jaime Bot\u00edn in legal trouble is now on view at the Museo Reina Sof\u00eda in Madrid.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.atelierauction.com\/globalupdates\/artist\/picasso-painting-that-jaime-botin-tried-to-smuggle-out-of-spain-heads-to-reina-sofia-in-madrid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Picasso Painting That Jaime Bot\u00edn Tried to Smuggle Out of Spain Heads to Reina Sof\u00eda in Madrid - 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