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Goodwill Painting Bought for $9.99 - Cat Paintings? Worthless - Canvas? Priceless

by MoneyMagnetMagnate
12 replies
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Goodwill Painting Bought for $9.99, she wanted to re-use the canvas to paint cat portraits which are her specialty, Auctioned for $27K

OK - maybe not 'priceless'...:p and keep in mind art IS subjective...:rolleyes:
but still, $26,690.01 is a tidy profit for a day at the thrift store...

Goodwill Painting Bought for $9.99 Auctioned for $27K | ABC News Blogs - Yahoo!
  • Profile picture of the author Michael Ten
    For real! That is a good ROI!
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  • Profile picture of the author hardraysnight
    i bought a cd at a charity shop for $2

    i sold it for 90 and gave 44 back to the charity

    what goes around comes around
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    • Profile picture of the author MoneyMagnetMagnate
      Originally Posted by hardraysnight View Post

      i bought a cd at a charity shop for $2

      i sold it for 90 and gave 44 back to the charity

      what goes around comes around
      Still a good ROI!

      WOW! 90 bucks for a CD? - What was on it...Missile launch codes?
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    • Profile picture of the author R Hagel
      Originally Posted by hardraysnight View Post

      i bought a cd at a charity shop for $2

      i sold it for 90 and gave 44 back to the charity

      what goes around comes around
      I was just thinking the same thing about this case -- it would be cool if the woman gave a portion of the proceeds back to Goodwill. Not required, but it would be a nice step to take.

      Becky
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      • Profile picture of the author TimPhelan
        I had a similar experience recently. I also paint and am always looking for materials to use. Like the lady in the story, if I see a painting on canvas or a piece of work in a nice frame that is cheap I will take it and then paint over it or take the painting out and use the frame.

        About a month ago I went to the flea market and it was kind of late. The sellers were already packing up and leaving and also leaving stuff behind. Well, I found a real nice frame with glass which had a lithograph as the art work. I thought I could at least use the frame, but decided to look up the artwork when I got home. Turns out the exact same piece was sold for $1200 twenty years ago and there only 20 editions! So, someone left behind a piece of artwork that I may be able to sell for 4 figures! It's not like finding a lost Van Gogh but it made my day.
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  • Profile picture of the author MoneyMagnetMagnate
    @ Tim - That's a smart move - sometimes the frame is worth more than the canvas in it!

    If you know what you're looking for, there can be some amazing finds - but all these new shows like 'storage wars' and the like, are upping the competition...I don't need that :p
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  • Profile picture of the author Kurt
    I wonder what my "Elvis on Velvet" is worth?
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    • Profile picture of the author whateverpedia
      Originally Posted by Kurt View Post

      I wonder what my "Elvis on Velvet" is worth?
      Never mind that, I reckon my "Dogs Playing Cards" must be worth a small fortune!!!
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    • Profile picture of the author sadneck
      Originally Posted by Kurt View Post

      I wonder what my "Elvis on Velvet" is worth?

      Elvis on Velvet or Elvis In Velvet? lol.

      Yay for Elvis!
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    • Profile picture of the author Dennis Gaskill
      Originally Posted by Kurt View Post

      I wonder what my "Elvis on Velvet" is worth?
      You shouldn't have to pay too much to have someone take it away.



      On a more serious note, I hope that lady gave her friend a nice reward. If not for her suggestion to check out the value she would have painted over it and had nothing but an odd looking rendition of a cat head to show for her investment.
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  • Profile picture of the author jbush2404
    I wonder what the person who donated that painting and is now reading this articles is thinking?
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