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1,500 Works of Nazi-Looted Art Discovered in Munich

First reported in the German media, news broke yesterday of an estimated €1bn ($1.35bn) of Nazi-seized art uncovered during a raid on an octogenarian’s Munich apartment in 2011. A total of 1,500 works — paintings by Pablo Picasso, Henri Matisse, Marc Chagall, Max Beckmann, Paul Klee, Oskar Kokoschka — are reported to have been stashed in a dark room, sharing space on homemade shelves with “juice cartons and tins of food.”