Jackson Pollock Treasure Found WHERE?

When an appraiser was called out to catalog the estate of an elderly Arizona man who was being moved to a retirement community, he was in for quite a shock. Josh Levine had initially been called to the estate to look at a 1992 L.A. Lakers Poster. They signed a contract to auction the contents of the estate, and that is when they found many paintings previously stored away. In addition to paintings by such artists as Kenneth Noland, Hazel Guggenheim McKinley, Jules Olitski and Cora Kelley Ward stored in the garage, he discovered what looked at first blush like an original Jackson Pollack. The splatters reflected work done from 1936 to his death in 1954.

Over the next few months, tens of thousands of dollars were spent to verify that the painting as a true Pollack. During the research, it was discovered that the garage was owned by the half-brother of a former New York socialite named Jennifer Gordon Cosgriff. In the 1950’s, Cosgriff mingled in New York’s elite art circles and built friendships with many of the artists discovered in the garage, including Pollock himself.

When Cosgriff passed away in the early 90s, she left her art collection to her half-brother in Arizona where they stayed in storage until January 2016, when the auction company came to auction off the estate.

After tracking its background, specialists analyzed the makeup of the paint and accurately dated it to the mid twentieth century, meaning no pigments or binding media introduced in the late 1950s or 1960s were detected, verifying the possibility that it could be a genuine Pollack.

Despite some water damage and staining from secondhand smoke (a common problem in households from the mid-20th century), the June 20 auction for the piece is expected to fetch anywhere from $10 million to $15 million. The starting bid for the 22.5-inch by 32-inch piece is a cool $5 million.

So, have you checked what’s in your garage lately? Could be worth a look!