Ex-PCGG chief, 'Kingmaker' director react to possible sighting of missing Picasso painting in Marcos home

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Metro Manila (CNN Philippines, May 12) — A former chairman of the government agency tasked to go after the ill-gotten wealth of the Marcoses and the director of the "Kingmaker" documentary reacted to the potential sighting of the missing Pablo Picasso painting in the living room of former first lady Imelda Marcos.

American director Lauren Greenfield believes the Femme Couche VI (Reclining Woman VI) by the revered painter has surfaced based on the photos shared by the media staff of leading presidential candidate Ferdinand "Bongbong" Marcos Jr. on Thursday.

Greenfield tweeted, "Picasso is back!"

Andres Bautista, former chairman of the Presidential Commission on Good Government (PCGG), alerted new leaders to act before it's too late.

"PCGG, the Picasso is back! Please seize it for the Filipino people while you still can!" he said on Wednesday.

The Picasso piece is among the eight paintings that Sandiganbayan ordered to seize from the Marcos family in 2014.

It's unclear if the painting hanging in the living room of dictator Ferdinand Marcos' widow is the original or a replica.

CNN Philippines sought comment from Bongbong's spokesperson, Atty. Vic Rodriguez, but he has yet to respond.

Imelda talked about the art in the "Kingmaker," even sharing that she was told by the patriarch that "you know how to spend money properly because you buy beauty." In the documentary released in 2019, Bautista said it was already "removed" when authorities tried to look for it in Imelda's home in Makati City.

The World Bank-United Nations Office on Drugs and Crime’s Stolen Asset Recovery said the Marcoses plundered up to $10 billion while they were in power. Their ill-gotten wealth includes $683 million in Marcos Swiss bank deposits through dummy foundations that the Supreme Court ordered forfeited in favor of the Philippine government.

The PCGG said it has so far recovered over P170 billion and is still in the process of chasing after P125 billion in assets of the Marcoses and their cronies.

The late dictator’s son is poised to become the Philippines' 17th president after winning by a landslide in the partial, unofficial count.

CNN Philippines correspondent Eimor Santos contributed to this report.