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Georgia O'Keeffe Painting Resurfaces After 40 Years, Estimated at $2-3 Million
Sentiment: NeutralHigh Priority
What Happened?
A Georgia O'Keeffe painting, bought for $3,800 in 1963, has resurfaced after being hidden for nearly 40 years. Now estimated at $2-3 million, it will be auctioned by Christie's.
Key points
- The painting, titled 'Near Abiquiu, New Mexico I', was hidden under fur coats in a closet for nearly 40 years.
- It was acquired by the family from Downtown Gallery in New York for $3,800 on April 15, 1963.
- The painting measures 10 by 24 inches and was painted in 1930.
- It has an early exhibition history, having been shown at An American Place in New York in 1931.
- The auction is set for November 18, with a public exhibition from November 7 to 17 at Rockefeller Center.
Key insights
- The painting's reappearance could attract significant interest from collectors due to its rarity.
- The sale may set a precedent for other hidden artworks to be discovered and valued.
- The auction reflects the enduring market strength of Georgia O'Keeffe's works.
Why it matters
This painting's auction highlights the potential for hidden art to gain significant value over time.
Tags
Entities
Georgia O'Keeffe· PersonChristie's· OrganizationNew York· City
Source
Times of India
