A Jackson Pollock Painting
Bought for: $5
Sold at: Potentially $9 Million
Ok, I’m going to preface this with my own two cents. Any other artist, I can understand the mastery and sublime skill that they’ve got going on, but Pollock’s squiggles on a canvas being art? I don’t get it. But what do I know about art?
Anyways, twenty-five years ago, Teri Horton stopped in at a thrift shop to find a gift to cheer up a friend. She found a large, ugly painting and she negotiated the price down from $8 to $5. Giving it to her friend, they both had a good laugh, thought about throwing darts at it, then decided to just store it. Horton took it home with her as the canvas was too big to fit in her friends house.
Some time later, she tried to sell it at a yard sale, when an art teacher suggested that it might be one of the works of Jackson Pollock. Not knowing who he was, Horton did some research and discovered that it might be un original.
Regretfully, the art world didn’t agree with her. As they didn’t know the providence of the piece, they couldn’t certify it. Horton wasn’t deterred. She hired a forensic specialist who found a fingerprint on the back of the canvas that matched fingerprints found in Pollock’s studio. The paint on the painting, also matched paint found on the floor of his studio. Still, the art world disagreed. They did tell her that if it was real, she could get over $50 Million for it. But they wouldn’t confirm it as authentic.
Collectors, however, disagreed and offered to buy it for $9 Million. Horton, now well into her 80’s, refuses to sell until she gets her original price of $50 Million.
Can I be in her will?