A missing Pablo Picasso painting was spotted at the home of the Philippines’ controversial former first lady — as she celebrated her son’s presidential victory, according to a former official familiar with the artwork. Imelda Marcos — the widow of late Philippine dictator Ferdinand Marcos — was filmed hugging her son, Ferdinand “Bongbong” Marcos Jr., in footage that aired this week with the apparent long-lost masterpiece “Reclining Woman VI” hanging on a wall behind them. The bombshell in the background was broadcast in a news segment by the local station TV Patrol Tuesday after Marcos Jr. became the country’s next...