• 2026.06.09 (Tue)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
fashionrunwayshow2026
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > World

Missing Picasso Painting Valued at €600,000 Vanishes Mid-Transit, Spanish Police Launch Investigation

Eugenio Rodolfo Sanabria Reporter / Updated : 2025-10-17 06:47:31
  • -
  • +
  • Print

A Pablo Picasso painting, estimated to be worth approximately 600,000 euros (around 100 million South Korean won or $630,000 USD), has mysteriously disappeared while being transported across Spain, prompting a full-scale investigation by the national police force.

The missing work, an oil painting titled 'Still Life with Guitar' (Nature Morte à la Guitare), was en route from the Spanish capital, Madrid, to the southern city of Granada. It was scheduled to be a highlight of an exhibition organized by the CajaGranada Foundation. The disappearance, which occurred sometime in the past week during the transit phase, was first reported on Thursday, October 16th, local time, by the AFP news agency, citing sources familiar with the incident.

Spanish police officials have confirmed that they are actively looking into the matter. However, they have refused to provide any specific details regarding the case, stating only that it is an ongoing investigation. "We cannot disclose further details about the ongoing investigation," a police spokesperson noted in a brief statement to the press.

The Allure and Risk: Picasso as a Prime Target 

The theft of high-value artwork, especially pieces by a titan of Modern Art like Pablo Picasso, is not uncommon. Picasso, who was born in Málaga, Spain, in 1881 and died in 1973, is widely regarded as one of "the most important artists in history." The immense value and global recognition of his work frequently make his pieces a magnet for sophisticated art thieves.

In recent years, the market for the Spanish master's work has soared to astronomical heights. A number of his paintings have fetched over $140 million (approximately 200 billion South Korean won) at auction, including masterpieces like 'Woman with a Watch' (Femme à la Montre), a work that sold for over $139 million at Sotheby's in New York in 2023. Such valuations underscore the critical nature of the 'Still Life with Guitar' disappearance, regardless of its relatively lower, yet still substantial, pre-sale estimate.

A History of High-Profile Art Heists 

The current case echoes several high-profile thefts that have targeted the artist’s collection over the decades. One of the most infamous incidents occurred in 1976 at the Papal Palace Museum in Avignon, southern France, where more than 100 of Picasso's works were stolen. Remarkably, authorities managed to recover all the stolen pieces in that historical event.

The vanishing of 'Still Life with Guitar' raises significant questions about the security protocols employed by the art handlers and logistics companies tasked with moving such precious cargo. The incident will undoubtedly prompt renewed scrutiny within the art world regarding the safety measures for transporting high-value cultural assets between institutions, a process often shrouded in secrecy due to security concerns.

For now, the painting’s whereabouts remain a mystery. The art community and Spanish authorities await a breakthrough in the police investigation, hoping to locate and recover the valuable piece before it disappears into the illicit international art market. The disappearance serves as a stark reminder of the enduring challenges faced by museums and collectors in protecting the world's most cherished artworks.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #micorea
  • #mykorea
  • #Lifeplaza
  • #nammidonganews
  • #singaporenewsk
  • #Taiwanpost
  • #Samsung
  • #Doosa
Eugenio Rodolfo Sanabria Reporter
Eugenio Rodolfo Sanabria Reporter

Popular articles

  • Trump Departs for Beijing: Trade Dominates Agenda as President Sidelines Iran in Talks with Xi

  • Altman’s About-Face: Why Generative AI Won’t Destroy White-Collar Administrative Jobs

  • U.S. Signals Potential for Interim Deal with Iran: Peace First, Denuclearization Later?

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065563129370870 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • From Streaming to Playing: Nexon and Naver Unveil Revolutionary Cross-Platform Integration for 'FC Online' on Chzzk 
  • Daewoong Pharmaceutical’s ‘Envlo’ Demonstrates Consistent Blood Glucose-Lowering Efficacy Across Multinational Patients
  • Hyundai AutoEver and KOFAC Launch 'Youth Robotics Challenge' to Nurture Future Digital Talent
  • Neowiz Appoints 'Lies of P' Mastermind Sung-joon Park as New Co-CEO 
  • MyRealTrip CTO Selected as Key Speaker for Anthropic’s Global Developer Conference in Tokyo
  • SKT and Nvidia Join Forces to Build Gigawatt-Scale 'AI Factories' Across Asia, Starting in Korea by 2027

Most Viewed

1
From a moment of collective sacrifice to a moment of collective democracy: The Timing of the Election in Ethiopia and Korea
2
Opening a 'New Horizon' for Korea-Pakistan Economic Cooperation… Exchange Event Successfully Held in Changwon
3
[Interview] "Halal is Not a Religious Regulation, but a 'Trust Infrastructure'… Creating a Premium 'K-Halal' Centered on Data and Platforms"
4
Business Sentiment Hits 43-Month High as Supply Chains Ease and Exports Surge
5
'30 Times the Minimum Wage': Samsung Semiconductor Compensation Sparks Nationwide Debate Over Wealth Gap and 'Relative Deprivation'
광고문의
임시1
임시3
임시2

Hot Issue

SKT and Nvidia Join Forces to Build Gigawatt-Scale 'AI Factories' Across Asia, Starting in Korea by 2027

Daewoong Pharmaceutical’s ‘Envlo’ Demonstrates Consistent Blood Glucose-Lowering Efficacy Across Multinational Patients

LG and NVIDIA Forge Strategic 'Physical AI' Alliance to Transform Manufacturing, Robotics, and Data Centers 

MyRealTrip CTO Selected as Key Speaker for Anthropic’s Global Developer Conference in Tokyo

Fashion Runway Show 2026

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 반달곰 프로젝트
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers