5 Stories

Spain Probes Guggenheim's 'Troubled' Finances

Fraud, mismanagement, profligacy call Bilbao museum into question

(Newser) - A decade ago the Frank Gehry-designed Guggenheim Museum put the sleepy Basque city of Bilbao on the international art map. But in recent months the institution has been tarnished by an embezzlement scam, overspending on middling artworks, and a $9.4 million loss in a botched currency deal. Now, reports... More »

ETA Behind Blasts in Northern Spain

Bombs in tourist towns mark Basque group's summer awakening

(Newser) - The Basque separatist group ETA detonated five bombs in northern Spain yesterday in a coordinated attack, the Telegraph reports, though only one injury was reported. Four bombs went off in tourist resorts; a fifth targeted a bank near Bilbao. The explosions marked the traditional summer bombing campaign ETA has waged... More »

Guggenheim Bilbao Honcho Embezzled $800K

Museum sues CFO after years of fraud

(Newser) - The Guggenheim Museum's outpost in Bilbao is suing its director of finance after he admitted embezzling $800,000 from the institution's coffers. In a long mea culpa letter to the museum's director, Robert Cearsolo Barrenetxea confessed that he had used bank transfers and fraudulent checks to line his own pockets... More »

Cops Injured in Bilbao Blast

ETA fingered for attack on Socialist headquarters

(Newser) - A powerful car bomb believed to be the work of the Basque separatist group ETA exploded today in Spain, injuring at least seven police officers. The blast, which was preceded by a warning call, occurred outside the headquarters of Spain's ruling Socialist Party in the Basque city of Bilbao. The... More »

10 Years on, Bilbao Still Wows

(Newser) - Frank Gehry's Guggenheim Bilbao is ten years old this week, freshly buffed and looking better than ever, Bloomberg reports. The birthday is marked by a successful show of American heavyweights like Keith Haring, Julian Schnabel and Richard Serra. Bilbao continues to benefit from the cultural attention garnered by the building,... More »

5 Stories