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Wednesday, 30 July 2014 10:13

Spain’s Prado Museum Discovers €1 Million in Swiss Bank Account

Museo Nacional del Prado, Madrid. Museo Nacional del Prado, Madrid. Wikipedia

Madrid’s Museo Nacional del Prado may be missing a boat load of art, but it’s also found quite the pile of cash. According to a report in Germany’s FAZ, the institution has discovered a previously unknown Swiss bank account containing over €1 million, which is part of a fortune bequeathed to it in 1991.

The account belonged to Manuel Villaescusa Ferrero, a lawyer and real estate mogul who bequeathed the entirety of his €42 million ($56 million) fortune to the Prado to be used for new acquisitions. The substantial gift has already been used to purchase works by El Greco, Georges de La Tour, Sánchez Cotán, Juan van der Hamen y Léon and Goya.

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