Found: Nazi-looted art trove worth $1.35B

During World War II, Nazis outlawed worked deemed "degenerate art" in Germany. Now, more than 1,500 works have been found in a Munich apartment.

Bloomberg reports the works of such artist as Pablo Picasso, Max Beckmann and Marc Chagall were discovered in a squalid apartment. The works are thought to be valued around 1 billion euros, or $1.35 billion dollars.

The works were thought to have been destroyed long ago. Bloomberg reports they were uncovered by authorities probing a money laundering scheme after a random check on an elderly man traveling from Switzerland to Munich.

Read more from Bloomberg.