The Charlie's Angels actress left her entire art collection to the University of Texas, which included two portraits of her by the avant-garde pop artist. But the university only received one of the paintings after the actress died in June, 2009 from anal cancer.

Now a scene from O'Neal's bedroom shot for his reality reunion show on The Oprah Winfrey Network shows what appears to be the missing painting hanging above his bed in the house he shared with Farrah.

"That was a 'Thank God, we've caught you' moment,' " Fawcett's close friend Craig Nevius told ABC News "I told the university."

Nevius spotted the painting while viewing Ryan & Tatum: The O'Neals on Oprah's new network, which makes a show out of a reconciliation between the estranged dad and daughter.

"The portrait, which shows Fawcett with bright red lips and green eyes, was spotted hanging directly above O'Neal's bed as cameras toured his house," Nevius said.

The university had gone so far as to hire a private investigator to locate the missing painting.