- The Big Picture - http://www.ritholtz.com/blog -
$30 Million Pinajian Art Found in Abandoned Garage
Posted By Barry Ritholtz On March 8, 2013 @ 10:30 am In Weekend | Comments Disabled
Bellport Man Finds Arthur Pinajian Artwork Appraised At $30 Million
Pretty astonishing story :
Works by an obscure Armenian-American abstract impressionist discovered in a Long Island garage have been appraised at $30 million.
Thomas Schultz discovered thousands of paintings, drawings and journals by Arthur Pinajian after he bought a cottage in Bellport in 2007.
“The smallest house in Bellport Village and maybe one of the most important, most significant art finds in art history is an interesting paradox,” Schultz said. ”It’s my understanding that if the works were sold in the retail market it can fetch up to $30 million in retail prices, but that could take 20, 30 years to do.”
Source: CBS New York 
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2013/03/30million-pinajian/
URLs in this post:
 story: http://newyork.cbslocal.com/2013/03/07/art-found-in-long-island-garage-appraised-at-30-million/
 Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/03/pics-1.jpg
 Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/03/pic-2.jpg
 Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/03/pic-3.jpg
 Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/03/pic-4.jpg
 CBS New York: http://newyork.cbslocal.com/photo-galleries/2013/03/07/bellport-man-finds-arthur-pinajian-artwork-appraised-at-30-million/#photo-620375
Copyright © 2008 The Big Picture. All rights reserved.