Tax authorities in Munich were searching the home of Cornelius Gurlitt, a suspected tax cheat. They surely hoped to find something implicating him in chiseling the tax system. Since Gurlitt is the reclusive son of a Munich art dealer, perhaps the tax authorities thought they might find some art in addition to evidence of tax evasion.Read the whole thing here.
However, they surely didn’t expect to stumble across an astounding 1,500 paintings by masters like Matisse, Picasso and Chagall. The treasure trove of priceless art vanished during the Nazi regime and is valued at $1 billion.
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