Who owns art?

This is for those who are interested in the arts, ethics, and capitalism.
(Right along the lines of that book you brought to my attention PhiloDave.)

I was surprised to read, and watch, how the art world does not accept the story from the couple who own(ed) the works. Could it have something to do with the artist and the value of the collection?

From the article:
The discovery of what is believed to be 271 works of art by Pablo Picasso has dropped jaws in the art world, where people had no idea such a trove was out there. Here’s the video link.

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