Yves Bouvier charged over ‘concealed theft’ of Picasso paintings – Telegraph

A major Swiss art dealer was on Monday placed under investigation in Paris and given a €27 million bail for the “concealed theft” of two Picasso paintings which the Spanish artist’s family said were never for sale.Yves Bouvier, 52, faces charges of hiding the fact that two gouache paintings – Tête de femme. Profil (Woman’s head. Profile) and Espangole à l’éventail (Spanish woman with a fan) – he sold to a Russian oligarch in 2013 were in fact stolen from Picasso’s stepdaughter – Catherine Hutin-Blay.Ms Hutin-Blay, the only daughter of Picasso’s second wife Jacqueline, filed a legal complaint in March over the disappearance of the two works, along with another painting, Portrait of a Soldier, and 58 drawings taken from Picasso’s sketchbooks.The bail sum of €27m was the amount that Russian billionaire Dmitri Rybolovlev, who owns Monaco football club, paid for the two paintings, judicial sources told AFP. He also owns the 58 drawings, though it is not known where the third painting is. There has been no suggestion that Mr Rybolovlev, who bought his art through a family trust, knew that any of the works might have been stolen.

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