Feeback bought a piece called “Vertical Diamond,” which is an abstract painting by Ilya Bolotowsky, a Russian painter based in New York Coty. Sotheby’s valued the painting from anywhere between $15,000 to $20,000. Feeback bought it for $9.99.
Interestingly enough, this famous painting was almost destroyed. Feeback, herself an artist living in Concord, North Carolina, was shopping at the Goodwill for inexpensive canvases to paint over. When a friend and fellow artist suggested she research the piece before whitewashing the canvas, and she discovered that it was Bolotowsky, who she learned was one of the leading 20th century abstract painters, who had worked amongst artists like Joseph Solman and Mark Rothko.
And on top of that, it’s happened before. People have unknowingly purchased authentic Jackson Pollock paintings, or stumbled upon a Picasso much the same way.
According to an interview with The Charlotte Observer, Feeback has slated the piece for auction on September 21, at an estimated price of up to $20,000. With her earnings, she plans to pay off credit card debt.
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