Nov 04, 2013
By Scott Walker
Authorities in Germany have uncovered a huge cache of artwork confiscated by the Nazis in the 1930s and ’40s.
Fifteen hundred works, including paintings by Matisse, Picasso, and Chagall, were found in Munich.
A German magazine says authorities found the works by chance when they were investigating the reclusive son of an art dealer for tax evasion. The report claims Cornelius Gurlitt had kept the works in darkened rooms, and would sell one occasionally when he needed money.
Many of the works were by modernist painters. The Nazis considered modern art “degenerate.” Others had been confiscated from their rightful owners, who were primarily Jews.
The paintings have now been transferred to a warehouse in Munich while they determine the rightful owners.
The collection is estimated to be worth about 1.35-billion dollars.