A painting stolen by the Nazis that was spotted in an Argentinian estate agent's advert has vanished, a prosecutor says following a raid on the home.

Portrait of a Lady by Giuseppe Ghislandi was featured hanging above a sofa inside a property near Buenos Aires, which was being sold by the daughter of a senior Nazi who fled Germany after World War Two.

A police raid on the house this week however turned up no painting - but two weapons were seized, federal prosecutor Carlos Martínez told local media.

Mr Martínez said they were treating it as an alleged cover-up of smuggling, Argentinian daily Clarin reported.

The newspaper reported that the furnishings had been rearranged and the picture was missing from the wall when they raided the property.