The First Art Newspaper on the Net   Established in 1996 United States Wednesday, September 28, 2016


U.S. Firm Ordered to Turn $500 Million Treasure Over to Spain
The treasure recovered by Odyssey came from the Nuestra Señora de las Mercedes, a Spanish navy frigate destroyed in battle in 1804, and that the vessel and its contents rightfully belong to Spain. Photo: EFE.
MIAMI, FL (EFE).- A Florida treasure-hunting firm must hand over to Spain the $500 million in gold and silver coins the company salvaged more than two years ago from the bottom of the Atlantic, U.S. District Judge Steven D. Merryday ruled.

The judge rejected the arguments offered by Odyssey Marine Exploration, Inc. to support its claim to the treasure.

While giving Odyssey 10 days to turn over the hoard, Merryday left the door open to extending that deadline to accommodate a possible appeal by the Tampa-based company.

Merryday found that the treasure recovered by Odyssey came from the Nuestra Señora de las Mercedes, a Spanish navy frigate destroyed in battle in 1804, and that the vessel and its contents rightfully belong to Spain.

He thus endorsed a June 3 report by federal Magistrate Mark Pizzo, who concluded the wreck was subject to the principle of sovereign immunity and that the valuables should be handed over to Madrid.

The Mercedes sank in action against a British fleet on Oct. 5, 1804, off the coast of southern Portugal, and Spain claims not only the vessel and cargo, but a right to preserve the gravesite of more than 250 Spanish sailors and citizens who went down with the frigate.

Odyssey, however, contends that Pizzo ignored "clear and convincing evidence of the commercial nature of the Mercedes' mission at the time of her demise," a factor the firm "believes legally nullifies the claim to sovereign immunity of that vessel."

"The majority of the coins aboard the Mercedes were merchant-owned, commercial cargo being shipped as freight for a fee and were never owned by Spain," Odyssey maintains. EFE

Odyssey Marine Exploration | Spain | $500 Million Treasure |





Today's News

December 24, 2009

200 Photographs by W. Eugene Smith Included in Exhibition at La Lonja in Zaragoza

Polish Police Say Foreigner Behind Auschwitz Sign Theft

Nordstrom Announces Plans to Lease Space at Seattle Art Museum Building

Powerhouse Books Publishes Harry Benson: Photographs

Wales Acquires Joyful Painting for the Christmas Season

Alexander Rodchenko's Revolution in Photography Opens in Amsterdam

Van Gogh Museum Concludes 2009 Successfully with 1.45 Million Visitors

San Antonio Museum of Art Director Returning to Curatorial Role

5th Edition of Art Madrid will Receive 64 National and International Art Galleries

New Series of Sapphire Blue Paintings by Danny Rolph at Poppy Sebire

U.S. Firm Ordered to Turn $500 Million Treasure Over to Spain

First UK Solo Show of Bengali-American Artist Rina Banerjee Announced

Exhibition of Art by Offenders to Debut in the North West

Perpetual Appoints Sculpture by the Sea to Manage Helen Lempriere Scholarships

New Year's Eve Celebrated with 5th Annual Sardine Drop

Poland Earmarks More Money for Auschwitz Security

X-Ray Group Exhibition Gets Under Your Skin at ArtCenter/South Florida

Group Exhibition at Frankfurter Kunstverein to Revolve Around Questions of Mimesis

Cambridge Museum Buys a Painting with Bite

NY's Tavern on the Green to Sell Art, Chandeliers

Most Popular Last Seven Days



1.- Stone Age mummy Oetzi still revealing secrets, 25 years on

2.- Tunisian remains found by British researchers prove 100,000-year human presence

3.- Rembrandt's four earliest paintings reunited for the first time at the Ashmolean

4.- Baltimore Museum of Art is one of only two major U.S. museums to feature an installation by transgender artists

5.- Archaeologists find 2,000-year-old human skeleton at Mediterranean shipwreck

6.- Digitally unwrapped scroll reveals earliest Old Testament scripture

7.- Rich London residents angry over Tate Modern voyeurs

8.- V&A Museum chief quits to fight nationalism post-Brexit

9.- Exhibition in Turin celebrates the most important family of Flemish artists

10.- Pointillism is now the focus of a high-calibre exhibition at the Albertina in Vienna

Related Stories



Odyssey Marine Exploration announces World War II-era shipwreck find



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
produces:

ignaciovillarreal.org avemariasound.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful