Posted November 5, 2013
Over 1,500 Nazi-stolen modern paintings — from artists like Picasso, Matisse and Chagall — were found in a Munich apartment during a tax-related raid back in 2011, the German magazine Focus reports.
The items, valued at $1.3 billion, were discovered when tax authorities searched the home of Cornelius Gurlitt, the son of a Munich art dealer, who was suspected of tax evasion. Gurlitt is said to have kept the art work in a dark room and sold paintings from time to time when he needed the money. SOURCE