• 2025.12.05 (Fri)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Column
    • Cho Kijo Column
    • Lee Yeon-sil Column
    • Ko Yong-chul Column
    • Cherry Garden Story
  • 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

  • China's Narwal Leapfrogs LG and Samsung in Robot Vacuum War

  • The $30 Mug That Brewed Chaos: Starbucks’ Bearista Cold Cup Sparks Fights and Resale Frenzy

  • U.S. Government Rejects AI Bailout Amidst Bubble Debate 

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

Comments 0

Weekly Hot Issue

  • China Stages Massive Naval Show of Force Amid Heightened Tensions with Japan
  • EU Launches Antitrust Probe into Meta Over WhatsApp AI Chatbot Restrictions
  • Sports Icons Converge as 2026 FIFA World Cup Draw Approaches
  • Russia Vows 'Strongest Response' as EU Proposes Using Frozen Assets for Ukraine Loan
  • US Layoffs Surge: Over 1.17 Million Job Cuts Announced in First 11 Months of 2025
  • EU Weighs 'Buy European' Rule: Up to 70% Local Content for Key Products

Most Viewed

1
Korean War Ally, Reborn as an 'Economic Alliance' Across 70 Years: Chuncheon's 'Path of Reciprocity,' a Strategic
2
A Garden Where the City's Rhythm Stops: Dongdaemun's 'Cherry Garden', Cooking Consideration and Diversity
3
The Sudden Halt of Ayumi Hamasaki's Shanghai Concert: Unpacking the Rising Sino-Japanese Tensions
4
Farewell to a Legend: South Korea Mourns the Passing of Esteemed Actor Lee Soon-jae
5
China’s Anti-Starlink Strategy: Simulation Suggests 2,000 Drones Needed for Taiwan Disruption
광고문의
임시1
임시3
임시2

Hot Issue

Global Billionaire Count Hits 2,919, Total Wealth Reaches $15.8 Trillion

China Stages Massive Naval Show of Force Amid Heightened Tensions with Japan

Russia Vows 'Strongest Response' as EU Proposes Using Frozen Assets for Ukraine Loan

UK and Norway Form Joint Naval Fleet to Counter Rising Russian Submarine Threat

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

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
  • 세종시
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
  • Column 
    • 전체
    • Cho Kijo Column
    • Lee Yeon-sil Column
    • Ko Yong-chul Column
    • Cherry Garden Story
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers