This is an amazing story and a stunning art collection. When Tom Schultz bought a run down bungalow in Long Island on an estate sale in 2007, the sellers asked him to just throw out the “junk” in the garage. Fortunately he didn’t. The junk turned out to be the life’s work of an obscure Armenian-American abstract impressionist (who had worked as a comic book creator and artist from the 1920’s -50’s ) named Arthur Pinajian who died in 1999.
“The smallest house in Bellport Village and maybe one of the most important, most significant art finds in art history is an interesting paradox,” Schultz said. ”It’s my understanding that if the works were sold in the retail market it can fetch up to $30 million in retail prices, but that could take 20, 30 years to do.”
See: Art “junk” found in Long Island garage appraised at 30 million
Here is a direct link to a video report.
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