Man Buys Bungalow for $300K, Finds Art Worth $30M

by Nate Wooley | March 7, 2013 11:32 am

arthur pinajian Man Buys Bungalow for $300K, Finds Art Worth $30M[1]A man who bought a small home on Long Island is raking in the dough from the art world.

The man — who bought the home in Bellport, N.Y., for $300,000 in 2007 — found thousands of paintings, drawings and journals by Arthur Pinajian, the Associated Press reports[2].

Appraiser Peter Hastings Falk — who valued the pieces that were found in the home’s attic and garage — told the owner that the collection was worth up to $30 million. The works are said to be among the Armenian-American painter’s best.

Several of the pieces have already been auctioned off with some going for $500,000. It is unknown how many of the pieces the lucky owner will sell or keep.

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