Spanish police have recovered a €5m Francis Bacon painting that was stolen from banker José Capelo’s Madrid home in 2015. The artwork is part of a set of five portraits created by Bacon, who was friends with Capelo. Three of the stolen paintings were previously recovered in 2017. Two individuals have been arrested in connection with the theft, which has helped authorities locate the missing painting.
A total of 16 arrests have been made since the heist, including those believed to be responsible for the crime. The stolen paintings, valued at €25m, are considered to be the largest contemporary art theft in Spain, with a safe containing jewels and coins also taken. Authorities are continuing their investigation to recover the remaining artwork and apprehend suspects linked to Eastern European organized crime groups.
Francis Bacon, born in Dublin in 1909, was a leading figure in modern art and passed away in Madrid in 1992. His works have sold for record amounts, including his 2013 painting Three Studies of Lucian Freud, which sold for $142m.
J.Larson
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