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.

By Associated Press / March 7, 2013

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

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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 for around $300,000 in 2007.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/1-Hkq2WpOCM/Multimillion-dollar-art-trove-found-in-old-garage

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