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One of the world's greatest art collections hides behind this fence

HNWIs like keeping their artworks in free ports with controlled climates, discreet record keeping and great potential for tax savings

Published Sun, May 29, 2016 · 09:50 PM
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New York

THE drab free port zone near the Geneva city centre - a compound of blocky grey- and-vanilla warehouses surrounded by train tracks, roads and a barbed-wire fence - looks like the kind of place where beauty goes to die. But within its walls, crated or sealed cheek by jowl in cramped storage vaults, are more than a million of some of the most exquisite artworks ever made.

Treasures from the glory days of ancient Rome. Museum-quality paintings by old masters. An estimated 1,000 works by Picasso.

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