Art Found In Garage, Attic Worth $30M

(Image 1)

(AP)–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.

Copyright 2013 by The Associated Press. All rights reserved.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s