Picasso paintings stolen in Paris were purchased by a Russian billionaire's family trust from a powerful art advisor now accused of fraud, according to attorneys and media reports. (Tweet This)
Picasso's stepdaughter, Catherine Hutin-Blay, has filed charges against a Paris art dealer accusing him of stealing artworks that he was supposed to be storing and shipping for her. The dealer, Olivier Thomas, was detained in Paris last week and released, according to French media reports. The works included at least two Picassos—portraits of Hutin-Blay's mother Jacqueline Roque—as well as a Rembrandt.
A lawyer for Russian billionaire Dmitry Rybolovlev has confirmed that "some" of the Picassos alleged to be stolen were purchased by Rybolovlev through his art broker and adviser, Yves Bouvier. Bouvier is a longtime business partner of Thomas and was recently arrested on fraud charges in Monaco.