HISTORICALLY, the reigning princes ot Liechtenstein have chosen to live outside that hereditary principality, usually in their luxurious Austrian palaces Liechtenstein offers a prince neither size (it is one-seventeenth the size of Rhode Island, has only 16,000 people) nor scope. Switzerland, its western neighbor handles posts, customs and foreign interests).
The current monarch, Prince Franz Joseph II, has broken with history. He lives in Vaduz (pop. 3,300), Liechtenstein's capital. There he keeps—almost entirely to himself—one of the greatest private art collections in the world. Except for a 1948 show of 200 works in...
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