Paintings from the collection of Prince Hans-Adam II were to be revealed at the Royal Academy then autumn. However unrelated dispute with HM Revenue and Customs over a painting by Sanchez Coello, the prince has determined to pull the exhibition.
The Royal Academy of Arts has supposed it is "very disappointed" at the decision.
The dispute centres on Spanish Renaissance painting The Infante Don Diego by Sanchez Coello, which was bought by the prince.
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