Is That a $123 Million Da Vinci the Swiss Won't Hand Over?

  • Italy found owner guilty of illegal exportation of painting
  • Switzerland’s top court ruled collector didn’t break the law

Italian fans of Leonardo da Vinci will have to be patient.

A contentious 16th-century painting of a marquess once put on sale for a reported $123 million that may have been painted by Da Vinci won’t be headed back to Italy any time soon after Switzerland’s top court ruled its owner didn’t import it illegally.