The famous "Woman and Child" painting by early 20th-century French Cubist Fernand Leger has gone missing from Wellesley College outside Boston.

Apparently the painting disappeared after the school (which just happens to be Sen. Hillary Clinton's alma mater) lent it to the Oklahoma City Museum of Art for a 2006-2007 exhibition. It was returned to the college after the exhibition was over, but was kept in a crate and was subsequently lost or stolen. What's shocking (to me at least) is that the school's president made the announcement this week, and the painting, which had been housed at Wellesley since 1954, reportedly went missing in November.

The relatively small piece — it's about two feet wide — is estimated to be worth tens of millions of dollars. While the school officials say they still hope it will be found, reports suggest two other paintings boxed with it have been accounted for.

An earlier Leger painting, "Etude pour La Femme en Bleu," sold for nearly $40 million at auction in New York this year. The school's insurance company is offering a $100,000 reward.