Jean-Michel Basquiat’s painting ‘Hannibal’, which disappeared after its Brazilian owner’s art collection was seized after being found guilty of money laundering, has been found in a New York City warehouse.

Its last known owner was Edemar Cid Ferreira, the former owner of Banco Santos and one of Brazil’s largest art collectors. The bank went bankrupt in September 2005, leaving behind debts of over $1 billion.

Ferreira was convicted in Brazil on charges including money laundering and bank fraud. He was ordered to begin serving a 21-year sentence in December 2006, but was released while his appeal winds through the courts.

A Brazilian court ordered the seizure of $20 million to $30 million worth of art, saying Ferreira and his relatives and associates had bought the works with proceeds of illegal schemes, according to U.S. prosecutors.