Two suspects were arrested in Sao Paulo for the theft of two uninsured paintings, a Picasso and a Portinari, with an estimated combined worth of $55 million. The works were stolen from the Sao Paulo Museum of Art (arguably the most important art museum in Latin America) on January 5th and were found unharmed in a home located in the outskirts of Sao Paulo. The MASP has been closed since the works were stolen.
Stolen Picasso Found in Sao Paulo [BBC]
Stolen Picasso recovered undamaged in Brazil [Guardian Unlimited]
Stolen artwork is found; 2 arrested [Detroit Free Press]
Picasso stolen from museum is recovered [Times Online UK]