The Associated Press reports that the Prado has exercised its option to purchase the newly discovered work that it helped identify as a Breugel:

Spain’s Culture Ministry says it has bought a previously unknown masterpiece by 16th-century Flemish painter Pieter Bruegel the Elder discovered recently by the Prado Museum.

A statement on the ministry’s website Friday said the Prado’s board of trustees had agreed to purchase “The Wine of Saint Martin’s Day” for euro7 million ($9.8 million). The signed work was owned by private collectors.

Spain Buys Previously Unkown Breughel Masterpiece (AP)