Andres Bautista said the list of paintings including ones by Van Gogh, Rembrandt and Michelangelo was compiled from various documents after a 1986 "people power" revolt ended dictator Ferdinand Marcos' 20-year rule and sent his family into exile in Hawaii.
During Marcos' two decades in power, Imelda Marcos became known for excess, symbolised by her large shoe collection. The family is accused of illegally amassing billions of dollars' worth of wealth.
"We think that actually there are more paintings that are not in this list," he told reporters. "We just don't have the evidence to prove our case."
He said his agency had a budget of 106 million pesos ($2.3 million) last year, and "given our limited resources ... We don't have the wherewithal" to track the paintings.
Among the paintings not on the list is one by Claude Monet that was sold for USD 32 million in 2010 by former Marcos aide Vilma Bautista, he said. The aide was sentenced this month by a New York court to up to six years' imprisonment for conspiring to sell the art work and tax fraud.
The two Bautistas are not related.
Earlier this month, a Philippine anti-graft court ordered Imelda Marcos to relinquish more than USD 100,000 in jewelry after ruling it was ill-gotten. It was the third collection of Marcos jewelry that the government has acquired.
The two other collections are estimated to be worth up to USD 8.4 million.
The government has recovered 164 billion pesos (USD 3.7 billion) of Marcos' alleged hidden wealth over the years and is targeting at least 50 billion pesos (USD 1.1 billion) more.
The Marcoses have denied any wrongdoing.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
