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Entries in Pablo Picasso (2)

Friday
May112012

'Picasso' Bought for $14 by Ohio Man in a Thrift Store Sold for $7,000

The late artist, Pablo Picasso in the 1950's. Tony Vaccaro/Getty Images(COLUMBUS, Ohio) -- Zachary Bodish, 46, of Columbus, Ohio, bought what he thought was a poster reproduction advertising an exhibit of Pablo Picasso for $14.14 in a thrift store. Later, he sold it for $7,000 to a private buyer.

Bodish, 46, said he went to a Volunteers of America store in Clintonville, Ohio on March 1. He was looking for mid-century furniture housewards or "kitschy art" to re-sell. Bodish, who lost his job as a house manager at the Wexner Center for the Arts about two years ago, uses the hobby to supplement his income. He has a part-time job as he looks for more permanent work in the arts.

"I would have liked to have kept it, but I'm somewhat underemployed at the moment," Bodish said. "I really needed the money. If it hadn't been worth very much, only $2,000, I probably would have kept it."

Bodish said a few buyers had made an offer and he had even met with a representative at Christie's auction house in New York City. That representative estimated verbally that Christie's could list the piece in its catalog for $2,500 to $3,000 and it could sell for $4,000, Bodish said.

No one he spoke to gave him an offer as high as the final bidder, who contacted Bodish through the phone book. Because the piece was never officially appraised on paper, the buyer took a leap of faith that it was authentic.

"He felt fairly confident," Bodish said of the buyer, who has given Bodish "visitation rights."

"I think all parties were pretty darn happy about it," Bodish said of the transaction.

Though Bodish never had the print appraised, Picasso experts said the work is most likely a linocut for which Picasso carved a design into linoleum that was then pressed onto paper with ink by a printer.

Todd Weyman, vice president of Swann Auction Galleries in New York City, had estimated that, if authentic, the print's fair market value at auction could be $4,000 to $6,000, based on sales of comparable works during the past 10 to 15 years.

On April 25, Swann Auction Galleries sold a Picasso linocut with three colors for $7,500, which was estimated to bring in about $10,000 to $15,000.

Weyman said an auction for a similar linocut through Christie's in London sold for $4,700 in March 2007. Another was sold in March 2006 through Sotheby's of London for $4,600.

Picasso created the "poster" from the thrift store for an annual pottery show for the city of Vallauris, France in 1958, according to Lisa Florman, an art professor at Ohio State University. Picasso may have made prints for the annual exhibition every year from 1954 for several years.

In addition to the 100 numbered "original" linocuts, which were signed by the artist, it is possible some photolithographic reproductions were made, Florman said.

Copyright 2012 ABC News Radio

Friday
Mar302012

Pablo Picasso Print Bought for $14?

Tony Vaccaro/Getty Images(COLUMBIS, Ohio) -- Zachary Bodish, 46, of Columbus, Ohio, bought what he thought was a poster reproduction advertising an exhibit of Pablo Picasso for $14.14 in a thrift store. He now says he may have an authentic print signed by the artist himself -- and worth around $6,000.

Bodish, 46, said he went to a Volunteers of America store in Clintonville, Ohio on March 1. He was looking for mid-century furniture housewards or "kitschy art" to re-sell. He visits the store, which is next to his gym, about three times a week.

"I go to all the thrift stores in Columbus," said Bodish, who lost his job as a house manager at the Wexner Center for the Arts about two years ago.

Hidden behind a stack of artwork, that particular print was not in the store when he shopped there two days before, he said. He said the print struck him, even though there are "an awful lot of posters" in the thrift store.

"I see them all the time. There's really no value to them," he said. "But this one looked different because those posters usually have a glossy finish to them and this was matte -- and it was brown."

Even when Bodish inspected the print with a magnifying glass he carries in his wallet, he said, he overlooked the faint signature in red pencil on it. He thought it was a "careless mark" from the red grease pencil on the glass that indicated the $14.14 price.

It was only until he went home and Googled the image that he realized what he might have, later writing about the piece on his blog about thrift store finds, which the Columbus Dispatch newspaper eventually reported.

The owner who said he donated the piece to the thrift store reportedly came forward to the Columbus Dispatch, saying a friend gave the print to him as a gift in the 1960s. When he recently decided to re-arrange his home, he donated the work, not knowing its possible value.

Though Bodish has not yet had the print appraised, Picasso experts say the work is most likely a linocut for which Picasso carved a design into linoleum that was then pressed onto paper with ink by a printer.

Todd Weyman, vice president of Swann Auction Galleries in New York City, estimated that, if authentic, the print's fair market value at auction could be $4,000 to $6,000, based on sales of comparable works during the past 10 to 15 years.

Weyman said an auction for a similar linocut through Christie's in London sold for $4,700 in March 2007. Another was sold in March 2006 through Sotheby's of London for $4,600.

Swann Auction Galleries is planning an auction on April 25 for a Picasso linocut that has three colors, which he expects to bring in about $10,000 to $15,000.

Picasso created the "poster" for the annual pottery show for the city of Vallauris, France in 1958, according to Lisa Florman, an art professor at The Ohio State University. Picasso may have made prints for the annual exhibition every year from 1954 for several years.

In addition to the 100 numbered "original" linocuts, which were signed by the artist, it is possible some photolithographic reproductions were made, Florman said.

Bodish estimates that the printed area of the work measures 17 1/2 by 11 3/4 inches. Kobi Ledor who owns California-based Ledor Fine Art with his wife, Casey, who deal exclusively in works by Picasso, said the length and width should each be 1/4 inch longer to be an authentic piece.

"Though there is typically some variability in size," Ledor said, a 1/4-inch variance is at the "upper range of acceptability."

Ledor, who only viewed a digital photo of the print, said he has "doubts" about the authenticity of the signature, though the color may have been distorted photographically.  

Copyright 2012 ABC News Radio







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