ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Someone found an old painting in a Maine attic. Turns out, it's a Rembrandt masterpiece worth a fortune

Although the auction house did not reveal if an expert was consulted, the painting did trigger a bidding war.
UPDATED 4 HOURS AGO
Cover Image: (Photo by Eamonn M. McCormack/Getty Images)
Cover Image: (Photo by Eamonn M. McCormack/Getty Images)

Valuable artworks are usually found at museums and art galleries, but sometimes they might be tucked away in basements and attics without anyone ever realizing how much they are worth. A similar rare portrait found in the attic of a private estate in Camden by auctioneer Kaja Veilleux recently fetched a whopping $1.4 million at an auction held in Maine. The 17th-century painting was made by none other than the Dutch artist Rembrandt, according to Fortune. 

Portrait of Rembrandt Harmenszoon van Rijn, Dutch painter | Getty Images | stock photo
Portrait of Rembrandt Harmenszoon van Rijn, Dutch painter | Getty Images | stock photo

A Long Lost Treasure

“On house calls, we often go in blind, not knowing what we’ll find,” Veilleux said in a statement. The art appraiser added that the property was filled with wonderful pieces as well and the remarkable portrait was kept in the attic, hidden in a stack of paintings. The portrait of a young girl wearing a black dress with a white collar and a cap was found in remarkable condition. 

Screenshot from a video | YouTube | @NEWS CENTER Maine
Screenshot from a video | YouTube | @NEWS CENTER Maine

He discovered that the painting was named “Portrait of a Girl,” and it had a label on the back mentioning that it was done by Dutch artist Rembrandt Harmenszoon van Rijn. Born in 1606, Rembrandt was a prolific artist who focused on a variety of subjects, from portraits to historical and biblical scenes.

The Abduction of Europa by Rembrandt van Rijn | Getty Images | Photo by VCG Wilson/Corbis
The Abduction of Europa by Rembrandt van Rijn | Getty Images | Photo by VCG Wilson/Corbis

The “Portrait of a Girl” was painted on a classic oak panel and placed in a hand-carved gold Dutch frame, further indicating that it was from the iconic artist. 



 

Unattributed but Valuable

Very little is known about the portrait, in Rembrandt's records. While the auction house told CNN that the label and the painting were genuine, the Philadelphia Museum of Art couldn't confirm if the painting had ever been borrowed. A museum spokesperson said in an email that the slip or label wasn't enough to verify it as a legitimate work of the artist. Despite the lack of clarity about its origin, the portrait was added to the annual Summer Grandeur sale held by Thomaston Place Auction Galleries, founded by Veilleux.



 

While the auction house did not disclose whether a Rembrandt expert was consulted about the attribution, the painting was valued at a modest $10,000 to $15,000.

A Rembrandt scholar, Gary Schwartz told CNN that a potential buyer had asked for his opinion on the Maine portrait. The art historian advised the unidentified collector to “go for it,” as there was an “extremely large” chance the portrait was painted by Rembrandt. He further noted that the painting  had striking similarities to another Rembrandt portrait at the Academy of Fine Arts in Vienna, which also depicts a young woman in a white cap.

Portrait of a Woman, 1633, artist Rembrandt Harmensz van Rijn | Getty Images | Photo by Heritage Art/Heritage Images
Portrait of a Woman, 1633, artist Rembrandt Harmensz van Rijn | Getty Images | Photo by Heritage Art/Heritage Images

A Record-Setting Bid

As per reports, the painting bagged an opening offer of $32,500, at the auction, which was way beyond the estimate of the gallery. Soon a bidding war ensued and the price skyrocketed into six figures.



 

Dozens of bidders joined in, including people from different parts of Europe via phone, according to Thomaston Place. In the end, the last two bidders pushed the value to a staggering $1.41 million. The auction house stated that it was potentially the highest sum ever paid for an artwork at a Maine auction. The massive figure also suggested that the painting may indeed be an original piece of art from the Dutch master.

MORE ON MARKET REALIST
Franco was feeling so lucky while buying those tickets, that he even thought of winking at a camera.
1 hour ago
Although the auction house did not reveal if an expert was consulted, the painting did trigger a bidding war.
5 hours ago
The list clearly shows that lessons have not been learned despite the surge in cyber-crime.
6 hours ago
"I'll take the blame for that. Ronnie, I'm so sorry," the host told the contestant.
17 hours ago
The woman was told by the management that they had received dozens of complaints against her.
19 hours ago
One of the women said she had no idea that the other had such a bill and was just riding along.
1 day ago
Even though the buyer wasn't able to keep all of it, he did walk away with a massive profit.
1 day ago
It came into existence during the English Civil War, when colonists in Boston seized an opportunity to create their own currency
1 day ago
The vessel ended up with a hole and caused an oil spill that raised concerns among the locals.
2 days ago
The artist and the owner of the artwork were unfazed since the banana would go bad at some point anyway.
2 days ago
One of the customers contacted her employer after receiving her wage twice, and soon realized it was an error.
2 days ago
She first bought 20 tickets and then went back to buy 10 more after she had an intuition.
3 days ago
In an attempt to surprise Sandler, Spade ended up being more generous than he planned.
4 days ago
The man's presence at a women-only poker event also sparked a huge online debate.
4 days ago
He revealed that the piece of advice that changed his outlook toward money came from a celebrity business manager Lester Knispel.
4 days ago
The workers chose to stick to the company's core values and did the right thing.
4 days ago
The guest revealed that she didn't know about the trade mentioned on the disk when it was purchased.
5 days ago
The CEO at the local casino decided to make her birthday even more special by adding a gift to her winnings.
5 days ago
Sometimes things that don't shine turn out to be worth more than gold.
5 days ago
Spending on restaurants and hotels increased by 0.3 percent in May which was the single largest influence.
5 days ago