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Paris Judge Fines Yves Bouvier $30 Million for Picasso Thefts – ArtfixDaily News Feed

A Paris court ruled Monday that Swiss “king of freeports” and art dealer Yves Bouvier, 52, must pay a bail sum of $30 million for the “concealed theft” of Picasso works that he sold to Russian billionaire Dmitri Rybolovlev in 2013. Bouvier denies any wrongdoing.Picasso’s gouache paintings ‘Woman’s Head’, ‘Woman with a Fan’ and 58 drawings that Bouvier sold to the Russian collector were the property of Picasso’s step-daughter, Catherine Hutin-Blay, 68.Hutin-Blay claims she did not sell the Picassos and thought they were in storage near Paris until a Brazilian art restorer sounded the alarm on the works’ new ownership. She says no payment was received for the sales.Bouvier’s bail sum was set at the amount that Rybolovlev’s family trust paid for the Picasso paintings.

more: Paris Judge Fines Yves Bouvier $30 Million for Picasso Thefts – ArtfixDaily News Feed

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