Raphael’s Portrait of a Young Man, which has been missing since 1945, has been discovered in a bank vault.
The painting is attributed to the great Renaissance master, and was looted by the Nazis during World War II.
It was painted around 1513-1514 and was feared lost, the Art Newspaper reports. It used to belong to Czartoryski family collection in Krakow.
The Nazis confiscated the painting in 1939 for Hitler's Führermuseum, which was based in Linz. In 1945 it disappeared. This work is Poland’s most important piece of art that has been missing since the World War II.
According to Poland's Ministry of Foreign Affairs they are now sure, that the painting will be returned to Poland.
“Most importantly, the work was not lost in the turmoil of the war. It has not been burnt or destroyed. It exists,” The Ministry’s spokesperson told the Polish media on Wednesday.
"We have no information as to where exactly the image is… however, we can confirm that [the ministry] continues to monitor all signals reaching us about the image's location," a statement on the Foreign Affairs Ministry’s website says.
The Czartoryski family failed to find the painting after the war.
Even though the subject of the painting has not been identified, many art historians believe the Portrait of a Young Man is a self-portrait of the Italian master.