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Electrician discovers lost Picasso works

on Monday,November 29,2010 19:11

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Pablo Picasso's works have been treasured by the art world for decades, but now, experts may have new pieces to set their eyes on. Recently, a retired electrician discovered 271 lost works by the renowned artist in his own home.

Pierre Le Guennec says he received the art from Picasso, worth around $81 million, after installing a security alarms in his villa. Guennec did business with the artist just three years before he died in 1973. However, Picasso's heirs believe that the works had been stolen by the electrician and plan to sue him until they are returned.

"To give away such a large quantity, that's unheard of," Picasso's son, Claude, told the Liberation. "It doesn't hold water."

The collection owned by Guennec dates back to 1900 and includes watercolors, sketches and portraits. Nine cubist collages are included, totaling around $56 million. Picasso had created 20,000 works of art before he died at the age of 91, according to the Metropolitan Museum of Art.

Artist jobs are expected to increase by 12 percent over the next eight years, according to the Bureau of Labor Statistics.
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