A Spanish billionaire art collector has been sentenced to 18 months in jail and fined $58m (£44m) for trying to smuggle a Picasso abroad to sell at auction, APA reports citing BBC.
The painter's work Head of a Young Woman, declared a national treasure, was seized from Jaime Botín's yacht in Corsica, France, in 2015.
Botín, 83, is the grandson of the founder of Santander bank and was its vice president until 2004.
He was forced to forfeit the work. He may appeal against his sentence.
However, he is unlikely to spend time behind bars as first-time offenders for non-violent crimes in Spain are often spared prison if they receive sentences of less than two years.