Times of India·2 min read·easy

$9.99 thrift-store painting turns out to be artwork sold for $34,375

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$9.99 thrift-store painting turns out to be artwork sold for $34,375
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An artist who purchased a painting for $9.99 at a thrift store discovered it was a valuable work by Ilya Bolotowsky. The painting, 'Vertical Diamond,' eventually sold at auction for $34,375.

Why it matters

This story highlights the intersection of art history, accidental discovery, and the potential for significant financial gain in the secondary art market.

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A North Carolina artist once walked into a Goodwill store looking for inexpensive material for her own artwork and walked out with what would turn out to be a valuable piece of American abstraction. Beth Feeback paid just $9.99 for a large painting in 2012, not because she admired the artwork, but because she wanted to reuse its canvas for one of her own paintings featuring cats. Months later, a friend's suggestion to check the markings on the back changed the fate of the seemingly ordinary thrift-store find, according to a report by ABC News.The painting turned out to be “Vertical Diamond” by Ilya Bolotowsky, a Russian-born American abstract artist whose work is held by major museums. It was subsequently authenticated and offered at Sotheby's in New York, where it sold for about $27,000 at auction.

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