LONDON, ENGLAND.- Two Turner paintings that were stolen in Frankfurt, Germany eight years ago, have been found. In 1995, the insurance company paid £24m for the paintings. Now the two works are worth around £50m. A third painting by German artist Caspar David Friedrich and titled "Nebelschwaden" is still missing. The paintings belong to the Tate collection. The Turner works were found intact but without their original frames. The Turner works are titled "Shade and Darkness: The Evening of the Deluge" and "Light and Colour (Goethe’s Theory): The Morning After the Deluge". Tate Britain will exhibit them on January 8.
Tate director Sir Nicholas Serota said: "These two paintings are among Turner’s most important works and, in their references to Goethe’s colour theories, show him to be at the forefront of European intellectual inquiry."