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Painting Bought for $30 Sells for $1.35 Million at Auction
Original: Bought Months Ago for $30, This Painting Set Off a $1.35 Million Bidding War
A painting purchased just months ago for $30 has sold for $1.35 million after an intense bidding war at auction. The dramatic markup has drawn widespread attention, with observers marveling at the discovery and debating how such an undervalued work went unnoticed before it was resold for a fortune.
Why now: The extraordinary gap between the $30 purchase price and the $1.35 million sale price makes for a striking art-market story.
Evidence
- Bought Months Ago for $30, This Painting Set Off a $1.35 Million Bidding War · The New York Times
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