WorthPoint Helps Colorado Woman Sell $103,000 Painting at Sotheby's
that She Found in the Trash
NEW YORK (Business Wire EON) May 9, 2008 --
WorthPoint, a new Web site for people who have art, antiques and
collectibles that they want to buy or sell or simply find out more
information about items they have, this week helped a Colorado woman
sell a painting she found in the trash a decade ago for $103,000 at a
Sotheby's auction.
While digging through a neighborhood dumpster in Boulder, Colorado, a
decade ago, Tammy Bullock found an oil painting “that
just looked interesting.”
She didn’t know it at the time, but the
painting is by the 20th century Japanese artist Takanori Oguiss and is
titled "Coin De Paris, Rue de Meaux." Oguiss painted many Parisian and
Venetian street scenes and is well known in the international art
community. No one knows how the valuable painting ended up in a dumpster
in Colorado.
"The colors weren't attractive. The frame was ugly - this just wasn't
anything I'd could put on my wall and be proud of," Bullock says. But
for some unknown reason, she kept the painting in a closet in her home
for 10 years.
"The painting fit in my closet -- I even stored my children’s’
school papers behind it," Bullock says. “I
almost gave the painting away several times,”
she recalls.
Bullock and her family moved into a new home last September, and on the
day of the move she almost threw out the painting. “I
was halfway down the sidewalk when a little voice told me, ‘No,
don’t throw it away –
it might be worth something.’”
She says that she often thought about selling the painting, but didn't
know how to go about it, until she saw a news story on a Denver
television station that featured a new Web site: WorthPoint.com.
The WorthPoint Web site is for fine art, antiques and collectibles, and
is designed to help people monetize things from garages and attics.
People can ask members of the site for free advice on an antique or pay
a WorthPoint expert – a “Worthologist”
-- as little as $9.95 to help them understand the value of an object and
help them realize its value.
Bullock contacted Thom Pattie, WorthPoint's Chief Worthologist, and sent
him digital photos of the painting. Pattie recognized at once that the
painting could be worth tens of thousands of dollars, conferred with
several auction houses, and then helped her through the process of
consigning it to Sotheby's.
The painting was auctioned off on Thursday for $103,000.
Bullock is elated: "To think that I actually have something that sold at
Sotheby’s is probably more exciting than
getting the money." She says she'll give some of the money to charity,
put it towards her daughter's college education and her son’s
new contact lenses -- and maybe take a vacation.
“I never would have had this wonderful
experience without the help of Thom Pattie and WorthPoint,”
Bullock says. “And I’ll
never drive by another dumpster without wondering what treasure it might
hold.”
Pattie has worked in the appraisal, antiques and auction industries for
40 years. He has managed multiple regional auction houses, and has
performed onsite appraisals across the U.S. for international auction
houses. Pattie says that he quickly recognized the potential value of
the painting and was happy to help Bullock find the right auction house.
"This is exactly the need that WorthPoint was created to fill. We
provided Tammy Bullock with a Web-based information resource -- and the
personal attention -- to help her realize her dream. She really did find
a treasure in the trash."
About WorthPoint
Atlanta-based WorthPoint is a social network for collectors and a search
engine rolled into one. Its Web site (www.worthpoint.com)
is changing the process of assessing worth for collectibles by providing
a vast database of sales records wherein an individual can assess the
worth of their own collection. Through WorthPoint, collectors connect
with experts to learn more about authenticity and value in art,
antiques, and vintage items. Through the WorthPoint online community,
members can contact other collectors interested in buying, selling, or
swapping stories, and they can share their insight and knowledge through
the forums and wikis.
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