Friday, July 8, 2011

New Jersey Man Arrested in Stolen Picasso Drawing Worth a Quarter of a Million Dollars

SAN FRANCISCO, CA (AP).- The case of a stolen Picasso has been cracked — and police say it was a New Jersey man who walked into the gallery in downtown San Francisco, snatched the drawing and fled in a taxi.

Police arrested Mark Lugo, 31, of Hoboken, N.J., on Wednesday at an apartment in Napa, and found the artwork stripped from its frame. The 1965 pencil-on-paper drawing — titled "Tete de Femme" — was purchased at a spring auction in New York. It's worth about a quarter of a million dollars.

"I've had some sleepless nights," said Rowland Weinstein, who owns the Weinstein Gallery. "I feel very, very lucky and very relieved that the Picasso wasn't harmed and will be returned back safely."

Weinstein said he planned to upgrade the street-level...New Jersey Man Arrested in Stolen Picasso Drawing Worth a Quarter of a Million Dollars

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