So THAT's where they were.
Authorities in the German city of Munich have reportedly chanced upon a vast trove of priceless art that vanished during the Nazi regime and is today valued at about $1 billion.
The BBC cites the German magazine Focus in reporting German tax authorities found the store of 1,500 artworks, including those by masters like Matisse, Picasso and Chagall, hidden in the home of Cornelius Gurlitt, the reclusive son of a Munich art dealer.
Gurlitt had been reportedly suspected of tax evasion, and authorities found the cache after obtaining -- and then executing -- a search warrant for his Munich home in early 2011.
“This is a sensational find," a spokesman for German Customs reportedly said. "A true treasure trove. It is an incredible story."
more
$1B in Nazi-looted art is found in Munich mansion | Fox News
Authorities in the German city of Munich have reportedly chanced upon a vast trove of priceless art that vanished during the Nazi regime and is today valued at about $1 billion.
The BBC cites the German magazine Focus in reporting German tax authorities found the store of 1,500 artworks, including those by masters like Matisse, Picasso and Chagall, hidden in the home of Cornelius Gurlitt, the reclusive son of a Munich art dealer.
Gurlitt had been reportedly suspected of tax evasion, and authorities found the cache after obtaining -- and then executing -- a search warrant for his Munich home in early 2011.
“This is a sensational find," a spokesman for German Customs reportedly said. "A true treasure trove. It is an incredible story."
more
$1B in Nazi-looted art is found in Munich mansion | Fox News