centerlogobigAAD logo

enarzh-CNnlfrdehiplrues
Art

Spain locks door 83 years after Soviet Heist.

Got to love Spain declaring an Italian work to be a national treasure.

This all goes back to the time the Soviet armed forces "on loan" to the communist Spanish Republic, on the edge of defeat in September of 1936 to the God fearing Falangist forces of Generalissimo Francesco Franco, departed with the 510 tones of gold bullion depository Spain accumulated since 1492. Imagine Fort Knox removed via train then the vessels Kine, Kursk, Nevada and Volgoles in the dead of night back to Moscow via the Black Sea port of Odessa.

So in effect between stolen gold and American lend lease (never paid back), that was how the Soviets "paid" for the equipment of World War Two.

FF5F6181 48F4 4CC2 A537 E8A0DBA44B0B

Caravaggio: Spain stops auction over possible long-lost masterpiece

 

The starting price for Crowning of Thorns was initially 1,500 euros (£1,300; $1,800).

But if it is indeed by Michelangelo Caravaggio, it could be worth up to €150m.

The painting is being examined by experts and declared "not for export".

Read more on the BBC:

https://www.bbc.co.uk/news/world-europe-56675290

FF5F6181 48F4 4CC2 A537 E8A0DBA44B0B

You may also like to read:

Curious Case of Spanish Gold & How It Presaged Russian Looting After World War Two 

About the Author

AAD REPORTS

AAD REPORTS

AAD REPORTS   Reports, news and opinion from Art-Antiques-Design.com