Judge Increases Jaime Botín’s Fine for Smuggling Picasso Painting to $101.2 M.

In January, the art world looked on as Spanish collector and banker Jaime Botín was sentenced to 18 months in jail for smuggling Pablo Picasso’s Head of a Young Woman (1906) out of Spain. But now it seems that Botín will face even greater consequences, as a Spanish judge has prolonged his jail sentence and upped the fine he will have to pay.
Botín, who had previously been ordered to pay a €52.4 million (about $58.3 million) fine, will now face a €91.7 million