Cornelius Gurlitt Residence

Cornelius Gurlitt Residence

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A newspaper billboard announcing "Billion Euro Art Treasure Discovered In Schwabing (a section of Munich)" in front of the apartment building that is residence of Cornelius Gurlitt, where according to media reports customs agents seized more than 1,400 paintings that had been confiscated by the Nazis in the 1930s and 40s, on November 4, 2013 in Munich, Germany. Gurlitt's father Hildebrand Gurlitt was an art dealer who oversaw the confiscations of what the Nazis termed "degenerate art", and the son, now in his 80s, reportedly hoarded the works, which include paintings by Henri Matisse, Emil Nolde and Max Liebermann. The works are now at a customs warehouse outside Munich and have an estimated value of EUR one billion.