A painting discovered by a junk dealer in the basement of an Italian villa six decades ago is actually the work of Pablo Picasso and could sell for millions, according to experts.

Junk dealer Luigi Lo Rosso found the piece in 1962, and it has been safely stored in a Milan vault since 2019.

As a young man, Luigi Lo Rosso used to scour garbage dumps and abandoned homes in Italy for items to sell at his family's shop in Pompeii. In 1962, he was poking around the basement of a Capri villa when he came across a rolled-up canvas.

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A lost artwork found in an Italian basement by a junk dealer in the 1960s could fetch close to £5m at auction. The painting of Picasso's sometime muse and mistress Dora Maar was found rolled up against a wall in a cellar in Capri in 1962.

A painting discovered by a junk dealer while cleaning out the cellar of a home in Capri, Italy, may be an authentic Picasso work. Luigi Lo Rosso came across the painting in 1962, when he brought the rolled canvas home with him to Pompeii and hung it in a cheap frame on the wall.

An Italian antique dealer stumbled upon an authentic painting by Pablo Picasso while cleaning out his cellar. Luigi Lo Rosso discovered the artwork in 1962 at his home in Capri, then took it to Pompeii,