Nazi artwork haul worth more than $1b found in Munich house raid: report

04 Nov 2013 12:15 PM | Anonymous

By Europe correspondent Philip Williams, wires

A huge collection of artworks confiscated by the Nazis in the 1930s and 1940s has been found at a house in Germany, according to reports.

The haul of 1,500 pieces is believed to include works by Matisse, Picasso and Chagall and be valued at about $1.4 billion, the weekly news magazine Focus says.

It is thought they were either stolen from Jewish art collectors, or sold under duress for a pittance during the Nazis' reign.

Read More: http://www.abc.net.au/news/2013-11-04/nazi-artwork-haul-woth-more-than-1-billion-found-in-munich/5066706

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