Spanish police said on Thursday they had recovered a painting by the late Irish-born British figurative artist Francis Bacon, worth an estimated €5 million ($5.42 million), and one of five stolen from a Madrid home in 2015.
Spanish police said on Thursday they had recovered a painting by the late Irish-born British figurative artist Francis Bacon, worth an estimated €5 million , and one of five stolen from a Madrid home in 2015. The 1989 “Study for Portrait of José Capelo” is the fourth painting to be recovered of the group, which is estimated to be worth a combined €25 million.
Since the investigation began, 16 people believed to have masterminded and carried out the robbery have been arrested, police said in a statement. Three of the paintings were recovered in 2017. Police said they continue to investigate Spanish citizens with links to organized groups from Eastern Europe in the hope it will lead them to the fifth painting.
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