Imagine buying a house with a garage full of artwork, that may, or may not be worth anything, only to find out that you're $300,000 + $2500(for the
art) investment just turned into $30,000,000. If only...
Sometimes it pays to buy the former house of an obscure Armenian-American artist, a lesson recently learned by lucky new home owners Thomas
Schultz and Lawrence Joseph.
Well, it turns out their decision to buy Mr. Pinajian's art stash along with the house was a good one, as the collection has now been valued at a
remarkable $30 million, according to the Wall Street Journal.
This is from youtube, but there's also a news clip on the source page.
Hard to believe someone would pay that kind of money for that artist's work... Half the time, it looks like he's trying to copy Matisse, and the
rest, Mondrian.... Seems like a hack. Just my honest opinion. Kudos to the guy buying the house though...and for finding out. Hope he has
Sotheby's on speed dial.....
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