Tuesday, 30 October 2007

Lot 377

Last Friday, a small English auction house sold a painting attributed to "a follower of Rembrandt". The painting was estimated at around 1000 GBP. Fifteen minutes after the bidding for lot 377 started, it sold for more than 2 million GBP. The bidding frenzy was fueled by beliefs that the work is a real Rembrandt. "If the portrait is accepted as a genuine Rembrandt the buyer will have got a bargain." And what if it isn't?

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