Lost works worth over $1 billion found in Germany
Otto Dix, Marc Chagall and Henri Matisse – all artists decried as degenerates by the Nazi regime. Didn’t stop the Nazis from looting the art though, and now some has turned up in a German apartment, 60 years after the second World War. Apparently the apartment’s owner was being investigated by the tax department. The artworks found amount to an estimated value of $1 billion euros – around AUD $1.4 billion.
In other news, a work by the artist Hitler considered the ultimate degenerate, Pablo Picasso, was bought by China’s richest man for $28 million recently. The work was a painting of Picasso’s young children, Claude and Paloma. Apparently the auction was “otherwise dull”. Hmm, yes, a boring $28 million.