Published by Global Banking & Finance Review®
Posted on October 17, 2025
2 min readLast updated: January 21, 2026
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A 1919 Picasso painting vanished en route to a Granada exhibit, prompting a police investigation. The artwork was insured for 600,000 euros.
MADRID (Reuters) -A 1919 Pablo Picasso painting has disappeared in transit ahead of its display at a temporary exhibition in the southern Spanish city of Granada, prompting a police investigation, according to the foundation organising the exhibit.
The CajaGranada Foundation said in a statement late on Thursday that the missing piece - a small framed gouache titled "Still life with guitar" - was part of a larger shipment of artworks moved from Madrid to the Andalusian city for the exhibition "Still life. The eternity of the inert".
The foundation confirmed on Friday that the painting, owned by a private collector and measuring 13 x 10 centimetres (5 x 4 inches), was insured for an appraised value of 600,000 euros ($700,000).
The shipment was delivered to the CajaGranada cultural centre on the morning of October 3, a Friday.
The loss was not discovered until the following Monday, when the exhibit's curator and the foundation's head of exhibitions began unpacking the crates.
"As not all packages were properly numbered, it was not possible to carry out a thorough check without unpacking them," the foundation added.
The CajaGranada Foundation said it had reviewed the security footage from that weekend and confirmed "no incident occurred" during that time.
After discovering the painting was missing, the foundation filed a complaint with Spain's national police.
The organisation said it has made all its resources available to investigators and expressed confidence in the authorities' ability to resolve the case.
($1 = 0.8550 euros)
(Reporting by Romolo TosianiEditing by Peter Graff)
Art theft refers to the illegal act of stealing artworks, such as paintings or sculptures, from galleries, museums, or private collections. It often involves high-value items and can lead to significant financial losses for collectors and institutions.
A police investigation is a systematic inquiry conducted by law enforcement to gather evidence and information regarding a crime. It aims to identify suspects, collect forensic evidence, and solve criminal cases.
A cultural event is an organized activity that celebrates or showcases aspects of culture, such as art exhibitions, music festivals, or theater performances. These events aim to promote cultural awareness and community engagement.
Gouache is a type of water-based paint that is opaque and has a high pigment concentration. It is often used for illustrations, design work, and fine art, allowing for vibrant colors and a matte finish.
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