What’s In Your Garage? Homeowner Finds Paintings Worth Millions

BELLPORT, N.Y. (March 7, 2013)--Works by an obscure Armenian-American abstract impressionist that were discovered in the garage and attic of a New York cottage were appraised at $30 million.

In 2007, the new owner of a bungalow in Bellport, on Long Island, found thousands of paintings, drawings and journals by Arthur Pinajian.

News 12 Long Island reported that Peter Hastings Falk, who once appraised art from the estate of artist Andy Warhol, valued the works.

Some pieces already have sold for $500,000.

Fifty of his landscapes are currently on exhibit at Manhattan's Fuller Building.

A recently published book by art historian William Innes Homer calls Pinajian's abstractions among the best of his era.

The run-down bungalow and one-car garage were purchased in 2007 for about $300,000.

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