Italian police seize Picasso painting worth $22 million euros

Italian police seize Picasso painting worth $22 million euros
People stand in front of the painting "The Paintor and the Model" from 1963 by Spanish artist Pablo Picasso at the exhibition "Picasso and the Spanish modernity" at Centro Cultural Banco do Brazil in Sao Paulo March 25, 2015.

ROME - Italian police have seized a 15-million-euro (S$22 million, US$16-million) Picasso and a precious Roman statue they suspect were about to be smuggled out of the country, media reports said Friday.

The Picasso was described as being a 1912 work from the Spanish artist's Cubist period.

The Roman statue dated from the second or third century and had an estimated value of eight million euros.

It was said to be particularly rare, both in terms of its form and state of preservation.Two similar examples can be found in the British Museum and a Vatican museum.

Further details of the seizures in the Rome area were due to be released at a press conference later on Friday.

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