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viewBox="0 0 8 12" x="0px" y="0px"><g><path d="M1 10.168H1.336L3.88 1H3.556L1 10.168Z"></path><path d="M4.71484 10.168H5.05084L7.59484 1H7.27084L4.71484 10.168Z"></path></g></svg></div><span class="font-sans-regular font-normal capitalize block">news</span></div></div></div><div style="height:auto"><div class="ad-container" id="material_body_teads"></div></div><div class="mb-lg lg:mb-xl grid-in-headline"><h1 class="font-display-medium font-medium text-3xl sm:text-4xl leading-none max-w-col-3 print-max-w-full" itemProp="headline">Plot thickens in alleged Picasso theft case </h1></div><div class="mb-xl md:mb-2xl grid-in-standfirst"><h2 class="font-sans-regular font-normal text-lg sm:text-xl leading-tighter tracking-wider max-w-col-3 print-max-w-full" itemProp="about">In addition to two portraits of Jacqueline Picasso, more than 60 other works are believed to have gone missing from a storage facility in Paris suburb</h2></div><div class="leading-0 lg:max-w-col-1 mb-md grid-in-byline"><div class="font-sans-regular font-normal text-base leading-tight text-gray-800 max-w-col-2"><a class="font-sans-bold font-bold shadow-link transition-all duration-default hover:shadow-internalLink hover:text-red-900" href="/authors/vincent-noce">Vincent Noce</a></div></div><div class="leading-0 lg:max-w-col-1 mb-base grid-in-dateline"><div class="font-sans-regular font-normal text-base leading-tight inline-block">22 May 2015</div></div><div class="mb-2xl grid-in-toolbar border-t border-gray-300"><div class="min-w-col-1 max-w-col-3 pt-md flex items-center justify-between xs:justify-end lg:justify-between grid-in-toolbar print-hidden"><span class="font-sans-regular font-normal text-base sm:text-sm leading-tight ltr:mr-3xl rtl:ml-3xl">Share</span><div class="flex items-center"><div class="relative inline-block align-middle"><div class="text-gray-700 w-4 h-4 cursor-pointer transition-colors duration-default hover:text-red-900"><svg class="" height="100%" width="100%" fill="currentColor" preserveAspectRatio="xMinYMin meet" stroke="none" viewBox="0 0 16 16" x="0px" y="0px"><g><path d="M8 13C8.55228 13 9 12.5523 9 12C9 11.4477 8.55228 11 8 11C7.44772 11 7 11.4477 7 12C7 12.5523 7.44772 13 8 13Z"></path><path d="M8 9C8.55228 9 9 8.55228 9 8C9 7.44772 8.55228 7 8 7C7.44772 7 7 7.44772 7 8C7 8.55228 7.44772 9 8 9Z"></path><path d="M8 5.5C8.55228 5.5 9 5.05228 9 4.5C9 3.94772 8.55228 3.5 8 3.5C7.44772 3.5 7 3.94772 7 4.5C7 5.05228 7.44772 5.5 8 5.5Z"></path></g></svg></div></div></div></div></div><div class="grid-in-content lg:grid-in-media"><div style="height:auto"><div class="ad-container mb-xl" id="material_body_slot_1"></div></div><div><div class="w-full"><div class="mb-2xl" itemProp="articleBody"><p class="pt-dp-p font-text-light font-light text-lg leading-normal tracking-wide mb-base last:mb-0" itemProp="text">The case of the alleged theft from the collection of Catherine Hutin-Blay, Jacqueline Picasso’s daughter, is deepening every day. In addition to two portraits by Picasso of Hutin-Blay’s mother, it now emerges that more than 60 works may in fact have gone missing from her storage facility in the northern Paris suburb of Gennevilliers. </p><p class="pt-dp-p font-text-light font-light text-lg leading-normal tracking-wide mb-base last:mb-0" itemProp="text"> On 13 March, Hutin-Blay filed a complaint with police for the theft of two portraits of her mother, sold by the Swiss businessman Luc Bouvier to the Russian billionaire Dmitry Rybolovlev. An inquiry was launched on 23 March into alleged theft, fraud and possession of stolen goods. </p><p class="pt-dp-p font-text-light font-light text-lg leading-normal tracking-wide mb-base last:mb-0" itemProp="text"> Paris’s organised crime squad subsequently arrested two of Bouvier’s partners last week: Olivier Thomas, who owns the Gennevilliers storage company Art Transit, and Jean-Marc Peretti. </p><p class="pt-dp-p font-text-light font-light text-lg leading-normal tracking-wide mb-base last:mb-0" itemProp="text"> Thomas and Peretti were both released after two days in police custody. Both are now awaiting a summons from the investigating magistrate. Peretti, who has always maintained he was unaware of Bouvier’s business with Rybolovlev, has not responded to requests for comment. Thomas and Bouvier’s lawyers both said they “could not make any comments about a procedure they know nothing about”, as no one has been charged.</p><p class="pt-dp-p font-text-light font-light text-lg leading-normal tracking-wide mb-base last:mb-0" itemProp="text"> Rybolovlev’s representatives say they recently met Hutin-Blay to check the provenance of 58 drawings he had also purchased from Bouvier. Hutin-Blay believes they were removed from three sketchbooks that were also in storage. Rybolovlev’s lawyer, Tetiana Bersheda, has provided details of all works by Picasso in his collection to French police. Hutin-Blay’s attorney, Anne-Sophie Nardon, has now asked the judge to extend the scope of the investigation. </p><p class="pt-dp-p font-text-light font-light text-lg leading-normal tracking-wide mb-base last:mb-0" itemProp="text"> Bersheda says that the 60 works were bought from Luc Bouvier. Rybolovlev paid €27m for the two portraits, dated 1957, and €9m for the 58 drawings. Bouvier confirmed that he sold the portraits but denies “having any suspicion that they could have been stolen”. </p><p class="pt-dp-p font-text-light font-light text-lg leading-normal tracking-wide mb-base last:mb-0" itemProp="text"> Representatives of Rybolovlev’s company, Accent Delight, told The Art Newspaper the company would “hold the two portraits of Jacqueline Picasso acquired from Bouvier at the disposal of the judicial authorities”. The company, which is a plaintiff in the inquiry launched in Paris, says it intends “to give [the works] back to their owner, if they are identified as those having been stolen in her storage at Art Transit in Gennevilliers”. </p><p class="pt-dp-p font-text-light font-light text-lg leading-normal tracking-wide mb-base last:mb-0" itemProp="text"> Paris Police made the connection between Hutin-Blay’s complaint for theft in Paris and Rybolovlev’s one for fraud in Monaco. Rybolovlev has accused Bouvier of overcharging him for works of art. The Russian collector bought around 40 paintings for almost $2bn over ten years from the Swiss businessman. Bouvier claims he acted as a dealer, free to make a profit. Bouvier is now supposed to provide the judge in Monaco with documents of his purchases, including the two portraits of Jacqueline Picasso.</p><p class="pt-dp-p font-text-light font-light text-lg leading-normal tracking-wide mb-base last:mb-0" itemProp="text"> All dated 1955, the drawings are studies of heads, nudes, and also sketches for the Femmes d’Alger, the composition that recently sold in New York for the record auction price of $179m. According to police testimony, further paintings might also be missing from the storage facility. </p><p class="pt-dp-p font-text-light font-light text-lg leading-normal tracking-wide mb-base last:mb-0" itemProp="text"> Insisting that he is unaware of the details, Luc Bouvier’s lawyer, Luc Brossollet, says: “In any case, [it is] absurd that he could have compromised his relationship with such an important client with works of dubious origin, made by Picasso, when he knew that the collection was supposed to be exhibited. It makes no sense.” </p><p class="pt-dp-p font-text-light font-light text-lg leading-normal tracking-wide mb-base last:mb-0" itemProp="text"> When he was under custody, Olivier Thomas told police Hutin-Blay must be confused. But she maintains she never considered selling any portraits of her mother. “One thing is for sure,” says Hutin-Blay's lawyer Anne-Sophie Nardon, “this case is extremely serious and much bigger that we first thought.”</p></div><div style="height:auto"><div class="ad-container mb-xl" id="material_body_slot_2"></div></div><div class="w-full max-w-col-3 pt-base flex flex-wrap border-t border-b border-gray-300 print-max-w-full"><a class="font-sans-regular font-normal text-base sm:text-sm leading-none tracking-wide text-red-900 px-md sm:px-base py-xs mb-base ltr:mr-sm rtl:ml-sm whitespace-no-wrap bg-gray-50 transition-colors hover:bg-gray-100 duration-default" href="/keywords/art-market">Art market</a><a class="font-sans-regular font-normal text-base sm:text-sm leading-none tracking-wide text-red-900 px-md sm:px-base py-xs mb-base ltr:mr-sm rtl:ml-sm whitespace-no-wrap bg-gray-50 transition-colors hover:bg-gray-100 duration-default" href="/keywords/thefts">Thefts</a></div><div 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50%;background-repeat:no-repeat;background-image:url("data:image/svg+xml;charset=utf-8,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 208 156'%3E%3Cfilter id='b' color-interpolation-filters='sRGB'%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3CfeColorMatrix values='1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 100 -1' result='s'/%3E%3CfeFlood x='0' y='0' width='100%25' height='100%25'/%3E%3CfeComposite operator='out' in='s'/%3E%3CfeComposite in2='SourceGraphic'/%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3C/filter%3E%3Cimage width='100%25' height='100%25' x='0' y='0' preserveAspectRatio='none' style='filter: url(%23b);' href='data:image/jpeg;base64,/9j/2wBDAAYEBQYFBAYGBQYHBwYIChAKCgkJChQODwwQFxQYGBcUFhYaHSUfGhsjHBYWICwgIyYnKSopGR8tMC0oMCUoKSj/2wBDAQcHBwoIChMKChMoGhYaKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCj/wAARCAAOABQDASIAAhEBAxEB/8QAGAAAAgMAAAAAAAAAAAAAAAAAAAUDBAf/xAAiEAACAQQCAQUAAAAAAAAAAAABAgMABBESBSETFCIxMlH/xAAWAQEBAQAAAAAAAAAAAAAAAAAEAgP/xAAZEQADAQEBAAAAAAAAAAAAAAAAAQIRAxL/2gAMAwEAAhEDEQA/AM+sbqzXklimUOFzsrdCk3IGKYu8P0JOKqc/fQW9zJGLc+ozsZA3RH5igT+WzWQIqBhnUfFW5lLR09qu3otlUbmiopZPeaKxEez/2Q=='/%3E%3C/svg%3E")" srcSet="https://cdn.sanity.io/images/cxgd3urn/production/7d9541dab4a5bd2a765d4a32a766f933edf5cdbf-1999x1386.jpg?rect=112,27,1777,1333&w=256&h=192&q=85&fit=crop&auto=format 1x, https://cdn.sanity.io/images/cxgd3urn/production/7d9541dab4a5bd2a765d4a32a766f933edf5cdbf-1999x1386.jpg?rect=112,27,1777,1333&w=640&h=480&q=85&fit=crop&auto=format 2x" src="https://cdn.sanity.io/images/cxgd3urn/production/7d9541dab4a5bd2a765d4a32a766f933edf5cdbf-1999x1386.jpg?rect=112,27,1777,1333&w=640&h=480&q=85&fit=crop&auto=format"/></div></a></div><div class="mb-sm col-span-2 col-start-1 row-start-2"><div class="text-red-900 font-sans-bold font-bold text-sm sm:text-xs leading-tighter tracking-wide select-none"><div class="empty:hidden"><span class="mr-xs"><a class="hover:underline" href="/keywords/art-market">Art market</a></span><span class="w-2 mr-xs inline-block mb-[-3px]"><svg class="" height="100%" width="100%" fill="currentColor" preserveAspectRatio="xMinYMin meet" viewBox="0 0 8 12" x="0px" y="0px"><g><path d="M1 10.168H1.336L3.88 1H3.556L1 10.168Z"></path><path d="M4.71484 10.168H5.05084L7.59484 1H7.27084L4.71484 10.168Z"></path></g></svg></span><span class="font-sans-regular font-normal capitalize">news</span></div></div></div><span class="inline-block mb-sm last:mb-0"><span class="font-sans-regular font-normal text-sm sm:text-xs leading-tight tracking-loose text-gray-700">17 May 2015</span></span><a class="block text-gray-800 hover:text-red-900 transition-colors duration-default cursor-pointer mb-md" href="/2015/05/18/russian-billionaires-family-trust-joins-picasso-heir-in-accusations-against-leading-art-dealer"><h4 class="w-full max-w-col-2-xl font-text-narrow-medium font-medium text-lg sm:text-base leading-tight tracking-loose">Russian billionaire’s family trust joins Picasso heir in accusations against leading art dealer</h4></a><div class="w-full max-w-col-2-xl last:mb-0 mb-sm"><div class="w-full max-w-col-2-xl empty:hidden last:mb-0 mb-xl"><p class="font-sans-regular font-normal text-base sm:text-sm leading-snug text-gray-700 w-full max-w-col-2-xl">Olivier Thomas is released from police custody, while Yves Bouvier denies all allegations</p></div><div class="leading-none mb-sm last:mb-0"><span class="text-gray-700 font-sans-regular font-normal text-sm sm:text-xs leading-tight whitespace-nowrap"><span class="whitespace-normal"><a class="font-sans-bold font-bold shadow-link transition-all duration-default hover:shadow-internalLink hover:text-red-900" href="/authors/vincent-noce">Vincent Noce</a></span></span></div></div></div><div class="relative w-full max-w-col-5 before:absolute before:top-0 before:left-0 before:w-full before:h-px mb-2xl flex flex-col sm:max-w-col-1"><div class="w-full mb-md"><a class="cursor-pointer" href="/2015/09/14/swiss-dealer-faces-charges-as-judge-investigates-euro36m-picasso-sales"><div class="overflow-hidden pointer-events-none"><img alt="" loading="lazy" width="208" height="156" decoding="async" data-nimg="1" class="transform-gpu transition-transform hover:scale-110 duration-1000 ease-out pointer-events-auto" style="color:transparent;height:auto;width:100%;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url("data:image/svg+xml;charset=utf-8,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 208 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srcSet="https://cdn.sanity.io/images/cxgd3urn/production/12f84f3d48d62301ae7f0a7bfb2d3b8eb3585bd4-1199x883.jpg?rect=68,42,1065,799&w=256&h=192&q=85&fit=crop&auto=format 1x, https://cdn.sanity.io/images/cxgd3urn/production/12f84f3d48d62301ae7f0a7bfb2d3b8eb3585bd4-1199x883.jpg?rect=68,42,1065,799&w=640&h=480&q=85&fit=crop&auto=format 2x" src="https://cdn.sanity.io/images/cxgd3urn/production/12f84f3d48d62301ae7f0a7bfb2d3b8eb3585bd4-1199x883.jpg?rect=68,42,1065,799&w=640&h=480&q=85&fit=crop&auto=format"/></div></a></div><div class="mb-sm col-span-2 col-start-1 row-start-2"><div class="text-red-900 font-sans-bold font-bold text-sm sm:text-xs leading-tighter tracking-wide select-none"><div class="empty:hidden"><span class="mr-xs"><a class="hover:underline" href="/keywords/investigation">Investigation</a></span><span class="w-2 mr-xs inline-block mb-[-3px]"><svg class="" height="100%" width="100%" fill="currentColor" preserveAspectRatio="xMinYMin meet" viewBox="0 0 8 12" x="0px" y="0px"><g><path d="M1 10.168H1.336L3.88 1H3.556L1 10.168Z"></path><path d="M4.71484 10.168H5.05084L7.59484 1H7.27084L4.71484 10.168Z"></path></g></svg></span><span class="font-sans-regular font-normal capitalize">news</span></div></div></div><span class="inline-block mb-sm last:mb-0"><span class="font-sans-regular font-normal text-sm sm:text-xs leading-tight tracking-loose text-gray-700">14 September 2015</span></span><a class="block text-gray-800 hover:text-red-900 transition-colors duration-default cursor-pointer mb-md" href="/2015/09/14/swiss-dealer-faces-charges-as-judge-investigates-euro36m-picasso-sales"><h4 class="w-full max-w-col-2-xl font-text-narrow-medium font-medium text-lg sm:text-base leading-tight tracking-loose">Swiss dealer faces charges as judge investigates €36m Picasso sales </h4></a><div class="w-full max-w-col-2-xl last:mb-0 mb-sm"><div class="w-full max-w-col-2-xl empty:hidden last:mb-0 mb-xl"><p class="font-sans-regular font-normal text-base sm:text-sm leading-snug text-gray-700 w-full max-w-col-2-xl">Yves Bouvier, whose bail set at €27m, denies wrongdoing </p></div><div class="leading-none mb-sm last:mb-0"><span class="text-gray-700 font-sans-regular font-normal text-sm sm:text-xs leading-tight whitespace-nowrap"><span class="whitespace-normal"><a class="font-sans-bold font-bold shadow-link transition-all duration-default hover:shadow-internalLink hover:text-red-900" href="/authors/vincent-noce">Vincent Noce</a></span></span></div></div></div></div><script>$RS=function(a,b){a=document.getElementById(a);b=document.getElementById(b);for(a.parentNode.removeChild(a);a.firstChild;)b.parentNode.insertBefore(a.firstChild,b);b.parentNode.removeChild(b)};$RS("S:1","P:1")</script><script>$RC=function(b,c,e){c=document.getElementById(c);c.parentNode.removeChild(c);var a=document.getElementById(b);if(a){b=a.previousSibling;if(e)b.data="$!",a.setAttribute("data-dgst",e);else{e=b.parentNode;a=b.nextSibling;var f=0;do{if(a&&8===a.nodeType){var 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