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(Adds quotes from Serb prosecutor, interior minister)

BELGRADE/ZURICH, April 12 (Reuters) – Police in Serbia have

recovered a painting by the French artist Paul Cezanne that was

stolen at gunpoint from a Swiss museum four years ago, officials

said on Thursday.

Cezanne’s Boy in a Red Waistcoat, which media said was worth

more than $100 million, was one of four paintings stolen from

the E. G. Buehrle Collection in Zurich in 2008 by a trio of

masked robbers who burst in just before closing time and told

staff to lie on the floor while they took what they wanted.

The heist was one of the largest in the world at the time.

Four men were arrested in the capital Belgrade and the

southwestern town of Cacak on Wednesday in connection with the

theft and the director of the Buehrle collection confirmed the

authenticity of the painting, the Zurich state prosecutor’s

office said.

At a press conference in Belgrade, Miljko Radisavljevic, the

special prosecutor for organised crime, said the suspects wanted

to sell the painting, found in the door panel of a car, for as

little as 3.5 million euros.

“They received 2.8 million euros before the arrest,” he

said.

Boy in a Red Waistcoat, thought to have been painted in

1888, depicts a boy in traditional Italian dress wearing a red

waistcoat, a blue handkerchief and a blue belt. Three other

versions of the painting are in museums in the United States.

Two of the stolen canvasses, one by Claude Monet and the

other by Vincent Van Gogh, were recovered not long after the

robbery, abandoned in a car. A work by Edgar Degas is still

missing.

At the same press conference, Serbian Interior Minister

Ivica Dacic said during the action dubbed Operation Waistcoat,

police also seized about 1.5 million euros in cash, four

vehicles, weapons and ammunition.

“I don’t think we have ever had a more valuable arrest,”

Dacic said. “The painting will now be guarded by police and

returned to its owner.”

The Buehrle collection, one of the most important

20th-century private holdings of European art, was amassed by

the industrialist Emil Georg Buehrle, who derived his wealth

from producing and selling anti-aircraft guns.

Last October, Serbian police recovered two paintings by

Pablo Picasso – Tete de Cheval (Horse’s Head) and Verre et

Pichet (Glass and Pitcher) – stolen in 2008 from a gallery in

the Swiss town of Pfaeffikon, near Zurich.

(Reporting By Aleksandar Vasovic; Additional reporting by Emma

Thomasson and Catherine Bosley in Zurich; Editing by Myra

MacDonald)