Overview

• The 1919 gouache-and-pencil work Naturaleza muerta con guitarra, measuring 12.7cm by 9.8cm, is valued at about €600,000.
• The piece belongs to a private collector in Madrid and was due for the CajaGranada exhibition Still Life: the Eternity of the Inert.
• A van from Madrid delivered loaned works on 3 October, the shipment was signed off despite incorrect numbering, and staff discovered the Picasso missing during Monday unpacking after weekend video surveillance.
• Spain’s Policía Nacional confirmed an active investigation and has not released operational details under confidentiality rules.
• Spanish media reported the van may have stopped overnight near Granada, a detail not confirmed by authorities, as context notes frequent targeting of Picasso works.