Art found in LI garage appraised by $30M

Art found in LI garage appraised by $30M

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BELLPORT, N.Y. (AP) - Works by an obscure Armenian-American abstract impressionist discovered in a Long Island garage have been appraised at $30 million.

The new owner of the Bellport cottage found thousands of paintings, drawings and journals by Arthur Pinajian. News 12 Long Island (http://bit.ly/14wZHMp ) says William Hastings Falk valued the works. He once appraised art from the Andy Warhol estate.

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 bungalow was purchased in 2007 by Thomas Schultz.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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