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Art: Multimillion-dollar art trove found in old garage

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  • Art: Multimillion-dollar art trove found in old garage

    Christian Science Monitor
    March 8 2013


    Multimillion-dollar art trove found in old garage

    Paintings discovered in a New York one-car garage have been appraised
    at $30 million and are now on display in art galleries in New York and
    California.

    BELLPORT, N.Y.
    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.

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    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 for around
    $300,000 in 2007.

    http://www.csmonitor.com/Business/Latest-News-Wires/2013/0307/Multimillion-dollar-art-trove-found-in-old-garage

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