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Long-Forgotten Picasso Is a Museum’s Windfall

Discussion in 'Sports and News' started by YankeeFan, Sep 13, 2012.

  1. YankeeFan

    YankeeFan Well-Known Member

    When Arlan Ettinger, the president of Guernsey’s auction house in New York, first called the Evansville Museum of Arts, History and Science back in February to ask about a layered glass mosaic by Picasso that he had traced to the museum, officials there said, in effect, “Sorry, wrong number.” They had never heard of it.

    A day or two later the museum called back, Mr. Ettinger said. Spurred by his query officials discovered that this rare work was there in Indiana after all, mislabeled and stashed in an old shipping crate for more than 40 years.

    “You could sort of hear corks popping at their end of the line,” Mr. Ettinger said.

    Rather than display their newfound Picasso treasure, however, officials have decided to sell it, using Mr. Ettinger’s company.

    It is nearly impossible to put a price tag on the piece, “Seated Woman With Red Hat,” since this kind of work has not been on the market for nearly half a century, experts say. But Mr. Ettinger said he hoped to sell it for $30 million to $40 million, more than five times the museum’s entire $6 million endowment.

  2. Versatile

    Versatile Active Member

    In a first, I say without objectifying women at all, TTIWWOP.
  3. YankeeFan

    YankeeFan Well-Known Member

    Last edited by a moderator: Dec 15, 2014
  4. Dirk Legume

    Dirk Legume Active Member

    A 6 at best.
  5. da man

    da man Well-Known Member

    I just want some of whatever it was Picasso was drinking (or smoking or whatever).
  6. Azrael

    Azrael Well-Known Member

    Great story. Beautiful, unusual picture. And given to the museum by one of the most famous industrial designers in American history.

  7. JR

    JR Well-Known Member

    This reminds me of the Renoir a West Virginia woman found in a garage sale last year. it was in a carton of junk that she picked up for $7.00. Painting is worth between $75k and $100k
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