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The baseborn Klimt aback central the Piacenza gallery. Image: Polizia di Stato via AFP

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A painting begin buried central a bank at an Italian building has been accepted as the baseborn “Portrait of a Lady” by Austria’s Gustav Klimt, prosecutors said on Friday, two decades afterwards the artwork went missing.

The century-old painting was apparent buried in an alien bank by gardeners at the Ricci Oddi Arcade of Modern Art in Piacenza, northeast Italy, aftermost month.

The building estimates that the 55-by-65-centimeter (21-by-26-inch) expressionist assignment could be account amid 60 and 100 actor euros (around P3.3 billion to P5.6 billion), but addendum the adversity in ciphering the assignment as it has never been awash on the market.

“It is with no baby affect that I can acquaint you the assignment is authentic,” prosecutor Ornella Chicca told reporters.

Museum admiral had initially said they could not anon actuate whether the painting was absolutely the baseborn Klimt until accurate tests were undertaken.

Painted in 1916 to 1917, the expressionist assignment depicts the face and anatomy of a adolescent woman with amber hair, over an emerald blooming background.

The painting went missing in February 1997 while the building was bankrupt for work.

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Wrapped in a bin bag

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In December, gardeners removing ivy from a bank begin a baby blast amplitude and apparent the painting inside, afterwards a anatomy and captivated in a atramentous debris bag.

The ivy accoutrement the amplitude had not been cut aback for about a decade.

Chicca said added tests would actuate whether the painting had been abiding central the bank amplitude aback it was stolen, or whether it had been hidden there at a afterwards date.

“At the moment, we can’t say whether it has been there all along,” the prosecutor said.

Once those tests were completed, the painting will hopefully be alternate to the gallery’s walls, she said.

Art able Guido Cauzzi advised the assignment beneath bittersweet and ultraviolet light, comparing images to those taken during tests performed in 1996.

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“The accord amid the images accustomed us to actuate that it’s absolutely the aboriginal painting,” Cauzzi said.

The action of the painting was “relatively good,” he said.

“It’s gone through a few ordeals, but alone needs some accepted care, annihilation decidedly complicated,” Cauzzi added.

Fellow art able Anna Seller has advised the picture’s frame, as able-bodied as the seals and labels at the aback and says all arise to be authentic.

In 1996, it was bent through X-ray assay that the painting covered up another, that of the face of a altered woman.

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The Ricci Oddi Arcade of Modern Art takes its name from a affluent art beneficiary originally from Piacenza, some 70 kilometers (45 miles) from Milan, who entrusted a accumulating of 450 mostly 19th-century paintings to the city in 1931.

The museum’s admiral Massimo Ferrari had told AFP, afterwards the absent painting was aboriginal apparent in the bank in December, that there were “positive signs” that this was the 18-carat Klimt. IB/JB

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