There have been a number of books and movies dealing with the subject of artwork looted by the Germany during World War Two. There was (and maybe still is) a absolutely phenominal documentary on Netflix call The Rape of Europa. I highly suggest that you all try to watch it, you won't regret it. There is also a book called The Monuments Men, which is now a movie of the same title coming out in February (see link below for more info).
As you may know, before and during World War Two, Germany looted about as much art as it could from the nations it occupied. Way before the war started, art collecting became a fashion within the Nazi party. So needless to say, when they took over a city, officers would add pieces to their collections. This happened on an enormous scale. After the war was over, the Allies put together a group nicknamed the "Monuments Men," (obviously the source of the book/movie title). They came from typical non-military backgrounds such as curators, professors, historians, etc. Their mission was to track down as much of the art as they could and return it to their original owner. This was extremely difficult for a number of reasons. Imagine if you were an American, British, French of Russian soldier and you entered a German city. The average G.I. didn't know that the art was stolen and probably didn't care. A lot of them just took the paintings home as war prizes.
Most of the artwork that the Germans looted was never recovered. Most likely, it still exists, but is in some veteran's attic or barn. It is not uncommon for this artwork to come up to auction, and most of the time, the owner probably does not know its origin. So be careful with any artwork that has any connection to Germany or even Europe for that matter during the war. Just investigate and make sure you have a detailed history of where it came from.
http://www.imdb.com/title/tt2177771/
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