Stolen Picasso No Longer for Sale
According to this article, the owner of a stolen Picasso decided that displaying the work adds more economic value to his gallery than actually selling it.
The Picasso sketch, “Tete de Femme” (1965) was stolen last summer from the gallery. Though the artwork’s value has risen $250,000, or to three times its value, from the time that Weinstein acquired it just six months ago, Weinstein claims that the presence of the recently returned work brings in so much additional foot traffic from people interested in seeing the work that it is worth more as a marketing tool than as merchandise.
[This article was drafted with the assistance of Nicole Dornbusch}.
