The discovery in a rubbish-strewn flat in Germany of nearly 1,500 paintings including works by Picasso and Matisse looted by the Nazis sparked urgent calls Monday to hunt for their rightful owners.

The shock find was reported Sunday by news weekly Focus, which valued the works at around one billion euros ($1.3 billion dollars). Authorities repeatedly declined to comment on the trove uncovered in 2011 but scheduled a news conference on Tuesday.

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