A real estate listing in Argentina shook the art world last month when it revealed a painting hanging in pride of place in the living room was actually an Italian Old Master stolen by the Nazis.

Art buffs say it highlights how other important works by luminaries including Vincent Van Gogh, Raphael and Monet suffered the same fate and are still being illegally hoarded by non-rightful owners.

The Argentine artwork — “Portrait of a Lady” by 18th century Italian artist Giuseppe Vittore Ghislandi — could be worth more than $500,000.

It went “missing” at the end of the Second World War and turned up in the seaside resort home of Patricia Kadgien, daughter of Nazi officer Friedrich Gustav Kadgien.

In addition to that painting, Argentine authorities found 22 other works , including some by

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