Federal prosecutors in Manhattan say art smugglers shipped Basquiat's "Hannibal," which is said to be worth at $8 million, from London to New York through Kennedy Airport by pretending it was a $100 knockoff, the New York Daily News reported Thursday.
The painting was discovered by federal investigators in a Manhattan warehouse in November.
The work vanished from the $30 million collection of convicted Brazilian money launderer Edemar Cid Ferreira in 2005. Brazilian police have been looking for it since then, the Daily News said.
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