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Germany Reaches Deal on Nazi-Looted Art Trove

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The German government has announced a new agreement with Cornelius Gurlitt, whose father amassed more than $1 billion worth of Nazi-looted art during World War Two, that will begin the process of returning the collection to the heirs of the original owners. The so-called Munich Art Trove, the New York Times reports, includes pieces by Picasso, Chagall, and Gauguin, and was discovered in Gurlitt’s Munich apartment during an unrelated investigation.

Gurlitt’s lawyers worked with the German government on how to handle the collection, which is currently being held by Bavarian authorities as part of the criminal investigation. A government-appointed team of international experts will have one year to investigate the works and determine the legal ownership of each piece. Authorities say Mr. Gurlitt can prove legal ownership of some of the works.

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