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Nazi-looted trove contains lost works by Matisse, Dix

Journalists wait for the start of a news conference of expert art historian Meike Hoffmann and Augsburg state prosecutor Reinhard Nemetz in Augsburg November 5, 2013. A Jewish group accused Germany on Monday of moral complicity in concealment of stolen paintings after it emerged authorities failed for two years to report discovery of a trove of modern art seized by the Nazis, including works by Picasso and Matisse. Customs officials' chance discovery of 1,500 artworks in a Munich flat owned by Cornelius Gurlitt, the reclusive elderly son of war-time art dealer Hildebrand Gurlitt, who was authorized by Hitlers propagandist minister Joseph Goebbels to sell art the Nazis stole, was revealed in a report by news magazine Focus over the weekend. The art works missing for more than 70 years could be worth well over one billion euros. (REUTERS/Michael Dalder)

Nazi-looted trove contains lost works by Matisse, Dix

Previously unknown paintings by Henri Matisse and Otto Dix are among a vast trove of Nazi-looted art found in a Munich apartment that includes works by some of Europe's most celebrated artists, German experts said on Tuesday.

Customs investigators seized the 1,400 art works, dating from the 16th century to the modern period and by artists such as Canaletto, Courbet, Picasso and Toulouse-Lautrec, last year, an official said. The art could be worth more than 1 billion euros ($1.3 billion), according to a German magazine, although officials declined to comment. (Reuters)

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