This is a complicated one. Ready? Here we go:
A woman buys a painting at a flea market for $7. She assumes it's a fake.
After two years in storage, she wonders whether the painting is authentic, and decides to have it appraised.
Turns out the painting is documented as a Renoir.
Still with me?
The woman puts the Renoir up for auction. It's expected to fetch in the
neighborhood of $75,000. (It's a small piece - 5 1/2" x 9".)
Every flea market enthusiast is green with envy.
Only a few days before the auction, the painting is pulled. Turns out:
A Washington Post reporter discovers it -- or a painting very similar to it -- was stolen from the Baltimore Museum of Art in 1951.
But an insurance company already paid the Baltimore museum for the stolen painting back in 1951. (It was valued then at $2500.)
The original owner had only loaned the painting for the exhibit back
in 1951 -- though it's believed she planned to give it a permanent spot
at the museum. (She'd donated many other works.)
So who owns
The original owner...or the museum...or the insurance
Or is it the lady who purchased it at a flea market, and inadvertently brought all this to light?
That's the big fight right now.
I don't know if it's because of the heat -- or the bushel basket of appraisals and gigs I've had this month -- but I am re...
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