A long lost painting looted decades ago in Nazi-occupied Europe has been recovered in Argentina, officials announced recently.

The artwork, titled Portrait of a Lady by Italian master Giuseppe Ghislandi, had been missing for 80 years before it was spotted last month on an estate agent's website, where it was displayed in a house previously owned by the daughter of a Nazi fugitive.

Patricia Kadgien's late father, Friedrich, was a senior adviser to Hermann Göring, who was instrumental in the plunder of thousands of artistic works across Europe during the war. Prosecutors confirmed the painting's return after being handed over by Ms. Kadgien's lawyer, following a raid that initially failed to locate it.

Art expert Ariel Bassano reported that the painting is in good condition for its age, as it dates back to 1710, and is valued at around $50,000.

During the investigation, prosecutors found additional pieces possibly linked to war-time thefts at properties associated with the Kadgien family. Legal proceedings are anticipated, with Ms. Kadgien and her husband facing accusations of obstructing the ongoing investigation and concealing looted property.

The painting was part of the collection of Amsterdam art dealer Jacques Goudstikker, whose extensive collection was exploited by the Nazis. There’s a continuous push by Goudstikker's heirs to recover all stolen works.

Despite the couple's claims of rightful ownership, they are expected to face a hearing soon. As investigations proceed, authorities are also examining two paintings and numerous drawings found in Ms. Kadgien's sister's residence that may have historic significance.

The saga encapsulates the lingering complexities of art restitution in the context of historical injustices, as families strive to reclaim their heritage amidst the shadow of the past.