In 2007, New Yorker Thomas Schultz and his business partner Lawrence Joseph bought a rundown cottage in Bellport, Long Island, for $300,000.
"It looked like a pile of junk, but on closer inspection I realized it was a vast body of work created by one artist over 60 years," Schultz told Pix11. "I knew right away I wasn’t going to throw that artwork into the dumpster, it was bad karma."
Art appraiser Peter Hastings Falk valued the works at $30 million."Pinajian, a former resident of the property who struggled to find success in the art world all his life, had instructed that the works be thrown away when he died. His wishes were ignored, and they remained gathering dust amid bugs, vermin and mould," the Telegraph reported.
Falk told The Armenian Weekly:Read More »from New York man buys cottage, discovers $30M of art in attic, garage