The Examiner reports that the drawing, "Tete de Femme," worth several hundred thousand dollars, has also been recovered.
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It is unclear if the person arrested is the man who earlier this week walked into the gallery and stole the drawing from the wall. The man is reported to have been wearing a dark jacket and pants, dark sunglasses and loafers without socks.
A man who fits the description of the thief was caught by a nearby restaurant's security camera at roughly the time of the theft. In the video, which is available below, a man walks with what appears to be a piece of art tucked under his left arm.
"It took ten minutes to identify the guy because in The Chronicle online they said exactly the time that the call was put in," Lee Houskeeper, a spokesperson for Lefty O'Doul's, told The Huffington Post. "We backed up the video five or six minutes [and there he is] with the thing under his arm walking to a taxi cab."
Rowland Weinstein, the president of the gallery, told The Chronicle that "Tete de Femme" was originally part of a collection that belonged to Picasso's driver, Maurice Bresnu. The 1965 drawing was recently purchased for $122,500.
Video courtesy of Lefty O'Doul's.
The San Francisco Examiner reports that police on Wednesday arrested Mark Lugo of Hoboken, N.J. on suspicion of stealing the drawing.
Police said that Lugo arrived in San Francisco from New Jersey on Monday, July 4. After he allegedly stole the drawing from the Weinstein Gallery on Tuesday, he stayed at a hotel in San Francisco. He was arrested on Wednesday evening at a hotel in Napa.
He has been charged with burglary, grand theft, drug possession and possession of stolen property and is held on $5 million bail.