11/30/2010

271 Picasso's Discovered

The Huffington Post reports that over 270 works by Picasso, including lithographs, portraits, a watercolor and sketches, created between 1900 and 1932, have been discovered in the garage of an electrician who claims Picasso gifted the art to him.  Picasso's heir claim theft.  A collage and 8 other items are said to be alone worth over $50 million.  Ownership should be tied up in the French courts for while.  The artwork is now in the possession of the French police.

Now a retired electrician says that 271 of the master's creations have been sitting for decades in his garage.

Picasso's heirs are claiming theft, the art world is savoring what appears to be an authentic find, and the workman, who installed burglar alarms for Picasso, is defending what he calls a gift from the most renowned artist of the 20th century.

Picasso's son and other heirs say they were approached by electrician Pierre Le Guennec in September to authenticate the undocumented art from Picasso's signature Cubist period.

Instead, they filed a suit for illegal possession of the works – all but alleging theft by a man not known to be among the artist's friends. Police raided the electrician's French Riviera home last month, questioned him and his wife and confiscated the disputed artworks.
To read the full Huffington Post article, click HERE.

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