$10 painting found in Goodwill auctions for nearly $35k

$10 painting found in Goodwill auctions for nearly $35k

$10 painting found in Goodwill auctions for nearly $35k

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by DIANNE GALLAGHER / NBC Charlotte

Bio | Email | Follow: @DianneG

WCNC.com

Posted on October 1, 2012 at 9:49 PM

Updated Monday, Oct 1 at 9:57 PM

CONCORD, N.C. -- A painting purchased by a Concord woman for $10 at a Goodwill was recently auctioned off for nearly $35,000 in New York.

The winning bid at Sotheby’s New York for Ilya Bolotowsky’s ‘Vertical Diamonds’ was $34,375. The owner of the influential Russian artist’s painting, Beth Feeback, will receive $27,000.  Not a bad deal, considering Feeback only paid $10 for it.

Feeback, an artist who specializes in painting cats, actually purchased the large piece at Goodwill for its canvas and planned to paint over it. A friend encouraged her to look up the artist’s name on the back of the painting and contact an art gallery about its worth.

She told NBC Charlotte in July that the auctioneers expected ‘Vertical Diamonds’ to fetch between $15-20,000. Feeback said she hoped to use the money to pay down debts and make improvements on her home.

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