Picasso art work disappears from satellite art fair in Miami's Midtown

Police receive report Picasso silver plate was stolen

MIAMI – Miami police are investigating after a silver plate created by famed artist Pablo Picasso was reported missing from Art Miami in Midtown.

Officials said the artwork is worth an estimated $85,000 but has no value on the street.

The theft happened at Art Miami, a contemporary and modern art fair featuring 125 galleries in Miami's Midtown until Sunday. The piece went missing from the Leslie Smith Gallery, which was setup in an Art Miami tent.

The piece -- a plate made out of "repoussed" silver -- is titled Visage aux Mains, 1956. It is about 16 inches wide and is similar to the ones in the picture above.

In the 1950's and 60s, Picasso commissioned French goldsmith Fracois Victor-Hugo to make a series of dishes, platters and plates in gold and silver with his designs. The collaborative work raised in price when Picasso died in 1973.

The tent area is patrolled by 24-hour security during Art Miami and Art Basel. The gallery owner, David Smith, told police he arrived Friday morning to find an empty plate holder.

Smith said cleaning crews and employees are allowed into the tent overnight. Police and fair officials are looking into all possibilities.

The fair is held in three temporary structures installed between 32nd and 31st Street and First and Second Avenue. The artwork is likely insured.

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