Authorities say a man walked into the Weinstein Gallery near Union Square, grabbed the drawing off the wall and left in a waiting taxi. The suspect is described as a man in his 30s, wearing loafers and dark glasses.
The gallery says Picasso created the one-of-a-kind drawing titled "Tete de Femme" in 1965. It is worth hundreds of thousands of dollars.
The Associated Press contributed to this story