Missing Basquiat Found in Manhattan Warehouse

NEW YORK—A missing $8 million Jean-Michel Basquiat painting has resurfaced in Manhattan after apparently being smuggled out of Brazil, the Associated Press reports. Federal prosecutors filed papers Wednesday to seize Hannibal (1982) from an Upper East Side warehouse. Prosecutors said the work arrived in the United States via the John F. Kennedy International Airport, but it was not clear who brought the piece into the country. The last known owner of the painting was former Banco Santos owner and major art collector Edemar Cid Ferreira, who was convicted in Brazil on charges including money laundering and bank fraud. Banco Santos went bankrupt in September 2005, leaving more than $1 billion in debt. When a Brazilian court seized Ferreira's art collection to help pay the debts, Hannibal was missing.