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Garage painting appraised at $30 Million

new york abstract impressionist landscapes bungalow

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#1 Hum

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Posted 07 March 2013 - 15:40

Works by an obscure Armenian-American abstract impressionist discovered in a New York cottage have been appraised at $30 million.

In 2007, the new owner of a bungalow in Bellport, on Long Island, found thousands of paintings, drawings and journals by Arthur Pinajian in a garage and attic. News 12 Long Island says Peter Hastings Falk valued the works. He once appraised art from the Andy Warhol estate.

Some pieces already have sold for $500,000. Fifty of his landscapes are currently on exhibit at Manhattan's Fuller Building.

A recently published book by art historian William Innes Homer calls Pinajian's abstractions among the best of his era.

The run-down bungalow and one-car garage were purchased in 2007 for around $300,000.

source


#2 Growled

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Posted 08 March 2013 - 01:58

The run-down bungalow and one-car garage were purchased in 2007 for around $300,000.


That seems like a bargain now.

#3 OP Hum

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Posted 08 March 2013 - 16:52

I just can't imagine paying that much for any painting -- not even the Mona Lisa.

#4 Growled

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Posted 09 March 2013 - 04:45

I just can't imagine paying that much for any painting -- not even the Mona Lisa.


That's probably why we'll never own one.