NJ man arrested in stolen Picasso drawing

By TERRY COLLINS | July 7, 2011 | 2:44 PM EDT

In this video frame gram grab provided by Lefty O'Doul's, an unidentified man is seen walking with a valuable pencil drawing by Pablo Picasso on Tuesday, July 6, 2011 in San Francisco. Police said the drawing tiltled"Tete de Femme", worth hundreds of thousands of dollars, was taken from the Weinstein Gallery near Union Square. (AP Photo/Lefty O'Doul's)

SAN FRANCISCO (AP) — A New Jersey man is being held on suspicion of stealing a valuable Picasso drawing from a San Francisco art gallery.

Thirty-one-year-old Mark Lugo of Hoboken, N.J., was arrested Wednesday at a hotel in Napa. He's been booked on burglary, grand theft and drug charges, and his bail is $5 million.

Lugo is accused of taking a 1965 pencil-on-paper drawing titled "Tete de Femme" from the Weinstein Gallery and fleeing in a taxi Tuesday morning. Surveillance video from a nearby restaurant shows a man matching Lugo's description walking by with a piece of framed artwork under his arm.

Police Chief Greg Suhr said Thursday the drawing, valued at $275,000, was recovered without its frame.

Investigators believe Lugo was working alone and planning to ship the artwork to an unknown party.