The Nazi art confiscation program is considered the greatest displacement of art in human history. The value of the plundered art alone exceeded the total value of all artwork that was located in the United States in 1945 - some $2.5 billion worth of art, or well over $20 billion, using today’s values. As the Allies stormed through Europe during the War, they recovered huge numbers of the artworks looted by the Nazis. And after the War, they were left with the enormous task of sorting out millions of pieces of art and other cultural objects.
Presentation at the Symposium on Holocaust Art Looting and Restitution