Teenager buys "Renoir" oil painting for 35 dollars
Found in a used clothing store on the East coast while shopping in the summertime, Coleman asked his mother to purchase this framed artwork because he said, "Look at the cracks in it, it reminds me of the Van Gogh museum paintings that we saw while were were in Amsterdam mother.""He has the eye of an eagle" said his mother, Mrs. Lori Coleman, a sought after songwriter living in the suburbs of Boston, Massachusetts and married to the Ed Coleman from New York who has helped to make the bank accounts of Marc Coleman flourish; a future genetics research doctor.
"He's a lucky boy," said his grandmother. "I bet the dummy that threw that painting out is in hock up to her eyeballs!"
Coleman plans to auction the painting with a private auction house in Los Angeles. Interested parties to buy an original Renoir from 1883 may look for a newspaper advertisement in the LA Times classifieds sometime in August, 2010. The auction bid will start at 250 thousand dollars.
It is expected that the painting will sell for anywhere between 1 million dollars and 2.5 million considering it is one of the last unfound Renoir from a private collection. Renoir and "artwork" in general, have had declining values over the past few years during the recent American recession.
People do not pay high prices on many things that are created by artists nowadays because a very few certain wealthy citizens in the U.S. who have expertise in mergers and hostile takeovers deliberately purchase companies that valuate belongings such as, art keep the prices extremely low for their own future gain.
It is the industries way of gaining those possessions dirt cheap so that they will resell them later after they over-inflate the prices by some of the same methods.
"Real estate has gone through similar setbacks over the past ten years due to the practices of the swindling banking and finance gar--bage," said Mrs. Coleman. "Hopefully, the sinister dishonest and criminally insane banking family will die off soon and life for everyone can resume with credibility and value," said Coleman's grandmother.