Art collectors have begun to pull their paintings and sculptures out of Geneva’s secretive free port storage facility as the site once again finds itself under scrutiny following the identification of a $20 million Amedeo Modigliani painting in its tax-free vaults that was allegedly stolen by the Nazis.
“A few” customers over the past six months have transferred their collections to newer rival Delaware Freeport near Philadelphia and similar warehouses in London, David Hiler, president of the Geneva Free Ports, said in an interview.
