Woman unknowingly sells $200K art for $200

An Australian mum from Gold Coast, Australia, made the mistake of selling an artwork for a mere $200, only to discover its actual worth was a staggering $200,000.

Publication: 27.11.2023 - 16:14
Woman unknowingly sells $200K art for $200
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Sarah Bonner, from the Gold Coast, revealed that she had initially listed the abstract black and white piece for $100 on Facebook Marketplace. The artwork, bought by Leigh Capel, a reputable art dealer from Sydney, turned out to be a significant piece from Pierre Soulages' 1957 collection, 'Lithographie No. 3'.

Capel, known as the 'master of black', passed away last year, making his works highly valuable. Bonner, unaware of the painting's origin and value, expressed regret over not pricing it higher. She attempted to contact Capel after learning of the artwork's true worth, but her calls went unanswered.

“If I knew someone in that situation I would like to see them actually offered a better deal and be honest with them about how much it’s worth,” she said.

“It could have really brightened my year and really made a difference to my family.”

This incident echoes a similar story where a woman unknowingly purchased a painting by renowned artist N.C. Wyeth for just $4 at a New Hampshire thrift shop. Later, the painting was valued at $250,000. Unlike Bonner, the New Hampshire woman kept the painting safe in her closet. These stories highlight the unpredictable nature of art valuations and the importance of appraising artworks before selling or purchasing.

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