A collection of approximately 1,500 paintings confiscated by the Nazis in the 1930s and 1940s has been found in Munich, German magazine focus reports.
It is said to include artworks by master painters such as Picasso, Chagall and Matisse with an estimated value of about one billion euros (£846m).
Some of the works were declared as "degenerate" by the Nazis during the Third Reich, others were stolen from or sold by Jewish art collectors involuntarily.
Focus said the collection was found in 2011 when the tax authorities investigating the reclusive son of an art dealer in Munich obtained a search warrant for his home.
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