An agreement has been reached to respect the patrimony of Goya's portrait of the Marquesa de Santa Cruz and return it to Spain. That is a happy conclusion of an affair that did the commercial side of the world of art no credit.
There is not sufficient evidence to know whether Lord Wimborne should be thanked for agreeing to a $6-million offer from Spain. He has said that he just about broke even. Court records suggest otherwise, indicating that he acquired the painting three years ago for $1 million through a Swiss connection from a middleman who apparently paid only $183,600. For Lord Wimborne it was "an investment," placed in the title of a Liberian-based corporation of his while he awaited the realization of profit. He expressed shock that anyone thought he should have doubted the validity of the export documents under which the masterpiece left Spain.