Missing Picasso Spotted in Imelda Home Worth P8 Billion: Former PCGG Chief

A Pablo Picasso artwork discovered in the residence of former First Lady Imelda Marcos might bring up to P8 billion if sold, according to a former Presidential Commission on Good Governance chief. The Picasso was one of the artworks ordered by the Sandiganbayan anti-graft court in 2014 from the Marcoses.

Ex-PCGG chief, 'Kingmaker' director react to possible sighting of missing  Picasso painting in Marcos home

On Wednesday, a netizens noticed the famous painter’s Femme Couche VI (Reclining Woman VI) in images of presumptive president Ferdinand “Bongbong” Marcos Jr.’s visit to his mother.

Missing Picasso in Imelda home worth P8-B: ex-PCGG exec | ABS-CBN News

“Ang pinakamahalagang painting ni Picasso ay naibenta ng $155 million. So more or less mga P8 billion ang isang painting na ito,” according to former PCGG Commissioner Andy Bautista.

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“Now siyempre hindi natin alam kung anong kalidad ‘no, anong klase ‘no pero talagang ito si Pablo Picasso, isa sa mga talagang Masters and talagang napakahalaga nitong painting na ito,” Bautista continued.

When Bautista viewed the artwork in images of the former first lady, he was shocked.

Ex-PCGG chief, 'Kingmaker' director react to possible sighting of missing  Picasso painting in Marcos home

He pointed out that the Picasso was not the only painting missing from the Marcoses.

Bautista stated that “I left PCGG in 2015. Pero nung pag-alis ko dyan, ang naaalala ko, is that meron pang 156 paintings na missing na kailangan pang habulin.”

Bautista ordered the PCGG to continue pursuing the Marcoses’ ill-gotten riches.

“Sana bigyan ng pansin ng mga namumuno ngayon ng PCGG, ng ating Office of the Solicitor General, kunin na natin ‘tong painting na ‘to habang meron pang panahon,” he stated.

“At maliban dyan Johnson, alam mo yung mga alahas na nakabinbin…napakahalaga nung mga alahas na ‘yan. At yang mga alahas na yan ay again pag-aari ng taumbayan kung kaya’t dapat nating protektahan at siguraduhin na ang mga alahas na ‘yan at kung yan man ay ibebenta ay dapat ibalik ang nakaw na yaman na ‘yan sa ating kabang bayan,” he added.

Philippines recovers eight paintings, including a Picasso, from Marcos  family, Latest Others News - The New Paper

In the Philippines, the Marcos family is a political family. They have established themselves in the country’s politics, having established a political dynasty that traces its beginnings to Mariano Marcos’ election to the Philippine House of Representatives as congressman for the second district of Ilocos Norte in 1925; reached its peak during Ferdinand Marcos’ 21-year rule as president of the Philippines, which included his 14-year dictatorship beginning with the declaration of Martial Law throughout the country; and continues to this day.

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