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 a 'junk' painting in the attic — experts say it’s an original Picasso worth millions

For decades, the painting was hung in a shabby frame in the living room.
PUBLISHED OCT 6, 2024
Image Source: Photo by Sean Gallup/Getty Images
Image Source: Photo by Sean Gallup/Getty Images

Sometimes treasure lies in plain sight! A man was taken aback when he found a "junk" painting in his father's attic and realized that it was actually a Pablo Picasso painting worth more than $6 million. 

Speaking with The Guardian, Andrea Lo Rosso, 60, said that his father Luigi found the painting in 1962 while he was cleaning out a house in his hometown in Italy. “My father was from Capri and would collect junk to sell for next to nothing," he said. 

However, after he returned home to Pompeii, Andrea's mother tried to convince him to throw the painting away because she didn't find it beautiful. "He found the painting before I was even born and he didn’t have a clue who Picasso was," Andrea explained. "He wasn’t a very cultured person. My mother didn’t want to keep it, she kept saying it was horrible."



 

For decades the painting was hung in a shabby frame in the living room. Growing up Andrea would always wonder if it was really Picasso's painting. "While reading about Picasso’s works in the encyclopedia, I would look up at the painting and compare it to his signature. I kept telling my father it was similar, but he didn’t see it,” Andrea said.  

Pexels | Photo by Riccardo
Pexels | Photo by Riccardo

After both his parents passed, Andrea turned to Arcadia Foundation’s scientific committee which deals with valuations, as well as restorations in an effort to get the painting analyzed. "After all the other examinations of the painting were done, I was given [the] job of studying the signature," Cinza Altieri, a graphologist and member of the Arcadia Foundation, said. "I worked on it for months, comparing it with some of his original works. There is no doubt that the signature is his. There was no evidence suggesting that it was false," Altieri added.

Portrait of Spanish artist Pablo Picasso | Getty Images | Photo by Sanford Roth
Portrait of Spanish artist Pablo Picasso | Getty Images | Photo by Sanford Roth

The painting depicts a distorted image of Dora Maar, a French painter and photographer who was Picasso’s mistress and muse. According to experts, the painting was made sometime between 1930 and 1936, when Picasso frequently visited the island of Capri. The painting is also extremely similar to Picasso’s Buste de Femme, which was inspired by Maar and rediscovered in 2019 after being stolen in 1999.

Luca Marcante, the Arcadia Foundation’s president, said that the recently discovered painting might be two versions of the same artwork. “They could both be an original,” Marcante told local outlet Il Giorno. “They are probably two portraits, not exactly the same, of the same subject painted by Picasso at two different times. Currently, Marcante is planning to take the painting and present it to the Picasso Foundation for appraisal. This is because the foundation is extremely thorough when it comes to its evaluations, as it gets hundreds of messages from people claiming to have an original painting.

"I am curious to know what they say," Lo Rosso said. "We were just a normal family, and the aim has always been to establish the truth. We’re not interested in making money out of it," he added.

MORE ON MARKET REALIST
Even the star herself responded to the social media buzz and said her answer was an "oopsie."
3 hours ago
The strategy has been making rounds on Reddit, with many suggesting it is 'fool-proof'.
4 hours ago
The contestant got in hot water for ridiculing her man’s performance in the bedroom.
5 hours ago
Harvey shamed the player for his not-so-family friendly response while fans loved it.
1 day ago
Viewers on Reddit argued that the audience member should not be allowed to use that item in the studio.
1 day ago
Kira Tebbe took the show by storm by taking the coveted prize and loads of cash.
1 day ago
Harvey couldn't hold back after the man's wife confirmed that he buys diamonds every year.
1 day ago
The announcer of the show, Jim Thornton had to jump in and ask the contestant to go easy on the host.
2 days ago
Walmart has deployed people on self checkout counters to keep a check on shoplifting.
2 days ago
The player was on a roll and beat the giant clock consistently within a matter of seconds.
2 days ago
The man only realized what he had done after Harvey burst out into hysterical laughter.
2 days ago
The machine has also malfunctioned on other occasions leading to similar tactics from Carey.
3 days ago
The seasoned host was dumbstruck by the players incredible Fast Money round performance.
3 days ago
Trey Brown was once backed by music producer Sean 'Diddy' Combs who helped him raised funds.
3 days ago
There are worse times to take a bathroom break but this was definitely one of the funniest moments.
4 days ago
The incident suggests that there is a limit to everything, even Costco's generous return policy.
4 days ago
The host made a amajor blunder in the bonus round with the timer running out on the contestant.
4 days ago
Although the couple made millions, the panel on Shark Tank had a different vision for their business. 
4 days ago