Wednesday, May 16, 2007

Garage Sale Painting valued at $100,000

Stick this in to the most embrassing sales column. Somebody sold the painting of Lake Okanagan by E.J. Hughes for $200 dollars. It is expected to get over $100,000 dollars in auction.
Paul Martin has been searching flea markets, thrift stores and garage sales for awhile looking for art and antiques for his southern Ontario home. He had no idea of the value of his $200.00 purchase. He then began to research the artist Hughes and decided to contact Heffel Fine Auction House to arrange for the sale of the painting.
He plans to pay down his mortgage with profits of the auction.

UM . . . New Record . . . 72.8 Million for Rothko's White Centre

New Record!!!! Rothko's White Centre became the most expensive post war art sold at auction! 72.8 million from somebody on the phone!!!

It was sold by 91-year-old David Rockefeller. That bought it for $8,500.00 in 1960. He made a little bit of profit on his purchase. What do you think he is doing with that profit? Mr Rockefeller, will donate the proceeds from the sale to charity. (Did i mention that i am starting a charity?)

The painting used to hang in his office when he was chairman of Chase Manhattan Bank from 1961 to 1981.

Rothko fitting the suffering artist mold was found by his assitant in 1970 on the kitchen floor with sliced open arms and later discoved he also overdosed on anti-depressants.