Artwork looted by the Nazis finally returned to owner

A valuable piece of modern art which was looted by the Nazis is finally being returned to the rightful owners.

The oil painting, 'Woman Sitting' by Henri Matisse, was looted from Jewish art collector Paul Rosenberg by the Nazis.

The painting which was found in 2012 in an apartment alongside artworks worth $1 billion, has been sent back to the family of the original owner.

"The descendants of Paul Rosenberg are pleased to confirm the restitution of Matisse's Sitting Woman, which was found in the home of Cornelius Gurlitt in 2012," the Rosenberg family said in a statement.