BERLIN - Germany reached an agreement with an elderly recluse on Monday on the future of a billion-dollar art trove confiscated by authorities, part of which is suspected of being stolen or extorted by the Nazis.
The federal government and Bavaria state said Cornelius Gurlitt, 81, has agreed to cooperate with authorities to determine if some of the 1,280 art works were stolen from their original owners, many of whom were Jewish, during the Nazi era.
Gurlitt has agreed to waive the statute of limitations under which his lawyers claim he is the rightful owner of some of the artworks, which include masterpieces from artists such as Pablo Picasso, Henri Matisse, Otto Dix and Ernst Ludwig Kirchner.
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