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Art collectors quit Geneva free port storage

Some have moved their collections to newer rival Delaware Freeport and warehouses in London

Geneva prosecutors earlier last month opened a criminal probe into the ownership of Modigliani's Seated Man With a Cane identified in storage at the site. That came on the heels of a feud that began last year after Russian billionaire collector Dmitry Rybolovlev accused Geneva-based art dealer Yves Bouvier of overcharging him for US$2 billion worth of canvases by Pablo Picasso, Mark Rothko and others.


ART collectors have begun to pull their paintings and sculptures out of Geneva's secretive free port storage facility as the site once again finds itself under scrutiny following the identification of a US$20 million Amedeo Modigliani painting in its tax-free vaults that was...

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