From the Times:
The soldier had been trying to sell it, allegedly asking for $450,000 (£278,000). The market value is estimated to be $10 million. The masterpiece, which is signed by Picasso, was seized this week during a raid on the house belonging to the suspect near the mainly Shia city of Hillah, about 60 miles south of Baghdad. A security official said that the painting was tracked to the property, but officers feared that the suspect would burn the artwork if they attempted a raid, so they lured the man into the street where he was arrested. The suspect claimed to be an electrician, but the official says that he is a former member of the security forces who has a relative from Mukhabarat (Saddam’s former security force) that entered Kuwait.