A lost painting by Pablo Picasso has been discovered in the home of the former First Lady of the Philippines, Imelda Marcos. She is the widow of the late Philippine dictator Ferdinand Marcos.
The painting, called Femme Couche VI (Reclining Woman VI) was seen above the sofa Imelda was sitting on in her apartment. However, it is unclear whether the painting is the original or a replica.
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The painting could reach eight billion pesos if it is sold, said the former head of the Presidential Commission for Good Government (PCGG), Andy Bautista. It comes after his son Ferdinand Marcos Junior won the Philippine presidential election a few days ago.
The painting represents a woman reclining on a sofa with a hand on her forehead. She appeared in a 2019 documentary about the Marcos family, The Kingmaker, before she disappeared while the task force searched for him, former PCGG president Andy Bautista said.
According to Bautista, who was president of the PCGG from 2010 to 2015, the Marcoses bought more than 300 works of art by masters such as Picasso and Michelangelo with stolen funds.
The recent incident has set off a flurry of speculation with concerns that Marcos’ flamboyant wife, Imelda, and her cronies are estimated to have stolen as much as $10 billion from state coffers during his 20-year rule.
Activists fear that nearly 40 years after the Philippines began searching for the billions of dollars looted during the former dictator’s rule, his son will use his power to reclaim the ill-gotten wealth.
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