Geneva Freeport

Geneva Freeport (Ports Francs et Entrêpots de Genève SA) is a warehouse complex in Geneva, Switzerland for the storage of art and other valuables and collectibles.

Some say it's the "premier place" to store valuable works of art, and "they come for the security and stay for the tax treatment".

It is the oldest and largest freeport facility, and the one with the most artworks. According to Jean-René Saillard of the British Fine Art Fund, "It would be probably the best museum in the world if it was a museum".

In 2013, the Freeport held about 1.2 million works of art. As well as art and gold bars, there are about three million bottles of wine.

In 2009, the first gallery inside the Freeport was opened by Simon Studer. Other galleries include those run by Sandra Recio. In 2013, it was reported that a 10,000 sq m extension would open in 2014.

The Swiss businessman Yves Bouvier, dubbed the "freeport king", is the majority investor in the Singapore and Luxembourg freeports and has been variously described as the owner of the Geneva Freeport, or its largest shareholder, though in an interview in October 2016 he said he owned only 5% of it, with 85% of it being owned by the Swiss state.

In 2013 nine antiquities looted from Palmyra in Syria and ancient sites in Libya and Yemen were seized by Swiss authorities after being found during a customs inspection at the Geneva Freeport. The objects had been deposited at the Freeport between 2009 and 2010. Six of the objects are believed to have been transported to Switzerland from Qatar and another from the United Arab Emirates.

In January 2016, officers from the art crimes squad of the Italian carabinieri, working in collaboration with Swiss authorities, raided a storage unit that the British antiquities dealer Robin Symes rented at the Geneva Freeport. It was found to contain a huge quantity of stolen antiquities, nearly all of which is believed to have been looted by the Medici gang from Etruscan-era and Roman-era archaeological sites in Italy and other locations over a period of at least forty years. Packed inside 45 crates, investigators discovered some 17,000 Greek, Roman and Etruscan artefacts, including two stunning Etruscan terracotta sarcophagi, topped by painted, life-sized reclining figures, hundreds of whole or fragmentary pieces of rare Greek and Roman pottery, statuary and bas-reliefs, fragments of a fresco from Pompeii, and a marble head of Apollo which is thought to have been looted from the Baths of Claudius, near Rome. The artefacts are estimated to be worth hundreds of millions of Pounds, with the head of Apollo alone valued at £30 million (US$44 million). Symes is alleged to have hidden the objects at the Geneva Freeport warehouse soon after his partner's death, in order to conceal them from the executors of his estate and thus keep their huge value out of any settlement.

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Wikipedia