Dirty Munich Home’s Nazi Loot Estimated at $1.35 Billion

Cornelius Gurlitt rarely visited the Munich apartment which German customs officials entered two years ago in the hopes of nailing a suspected tax evader.

What they discovered was even rarer: a stash of 1,500 artworks that may be worth 1 billion euros ($1.35 billion) if confirmed to be by artists such as Pablo Picasso, Max Beckmann and Marc Chagall. The works originally may have been seized by the Nazis from German museums and private collectors. They were found amid piles of garbage and outdated food packets, according to a report in Focus magazine.