Sunday, May 6, 2007

The $50,000,000 Mystery

Teri Horton paid $5 for a painting at a thrift shop. Today, she thinks it could be worth $50 million. Why? Because she believes it was painted by abstract expressionist Jackson Pollock. The only problem is, she can't prove it. . . at least by the standards of the art world. Anderson Cooper has the story of one determined and feisty woman's 15-year crusade to solve an art history mystery.

The $50,000,000 Mystery
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Poll:

Do you think Teri's painting is a genuine Pollock?

Yes: show her the money!
No: only worth the five bucks!

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DID YOU KNOW?

  • Jackson Pollock achieved great recognition in his lifetime, despite the controversy over his "drip" style.
  • He struggled with alcoholism and gave up painting completely by 1955.
  • Pollock killed himself and a passenger in his car while driving drunk on August 11, 1956.
  • His painting "No. 5, 1948" was the most expensive painting ever sold: $140 million in November 2006.

Comments

Sound off on this segment. Here you'll see the comments in the order they were posted.

1
The possibility of finger print evidence should be enough to authenticate the painting. The fact that no one is willing to listen to Teri just because she's on the outside is ridiculous. I hope she gets her chance to say, "I told you so...."
Posted by turbo99miata on Sun, May 6, 2007 7:39 PM ET
2
agree with TURBO99MIATA. assuming the fingerprint evidence is correct (and it should probably be verified by another party), what are the chances that a fingerprint found on a paint can in JP's studio and a fingerprint found on the back of Teri's painting were randomly put there by Jackson Pollock?
Posted by balcolicious on Sun, May 6, 2007 7:43 PM ET
3
I absolutely second that. Why? Had it been someone else not in *working class* who had found this painting, the media and Elitist would be all over it and its discovery. But its not the case, because, as mentioned before... they are not willing to accept this painting only because its owned by a working class citizen. I too, wait for her to "neener neener" those who misjudged.
Posted by clj14 on Sun, May 6, 2007 7:55 PM ET
4
Jackson Pollock was a notorious drunk that would trade paintings to pay for grocery bills at the local store. The fact that this painitning has come out of the woodwork is not a surprise. Like most artists, his work varied over time, & how the "experts" can conclusively say it is or is not genuine without additional scientiffic study is beyond me.
Posted by dustin77@sbcglobal.net on Sun, May 6, 2007 8:01 PM ET
5
That fingerprint is pretty damning evidence. Not to mention her painting looks nearly identical to the one that recently sold for $140M. They are so quick to accept these other paintings that have been found in random places - I think the art community is just put off by her "earthy" style, which is a shame. Given that, I don't think she should hold out for too much for too long - something could happen that would prove it isn't genuine, and then she'd be out in the cold.
Posted by ca_dreamin@verizon.net on Sun, May 6, 2007 8:01 PM ET
6
I think Teri is money-hunting and Super-greedy. She don't even care who Pollock was. Real or not, she turned down 2 million, because it wasn't enough,.. heh.. That is more then most Americans will make there entire life. I hope she doesn't get anything, not even the five bucks she paid for it.
Posted by willrothe on Sun, May 6, 2007 9:05 PM ET
7
Yes Teri is right, the art world & it,s people are a bunch of `````` snobs!!
Posted by visitfla2c on Sun, May 6, 2007 9:07 PM ET
8
I think that Pollock never intended for that painting to be displayed. I do believe he painted it based on the fingerprint evidence. That being said, I am going to my studio to destroy the canvases that I also do not intend to show. They are not indicative of my show pieces. I believe that is why the Art Critics can't see Pollock in it. We all have off days. She has what Pollock didn't see as his vision.
Posted by calibrowns on Sun, May 6, 2007 9:12 PM ET
9
I believe the Art World lost any credibility by not taking a second look after being told of the finger prints. Makes one wonder what criteria they use to certify anything? Take the painting to the Antiques Road Show, plus she won't have to pay for the appraisal % $$$. I think it's great when an average working person stumbles across something like this. One could ask is she average? No, she tells it like she sees it and not afraid of being wrong. Give her 200,000,000.
Posted by stickk130 on Sun, May 6, 2007 9:16 PM ET
10
Ultimately, it does not matter if the painting is a Pollock or not. The value of it is determined by what someone is willing to pay for it. There is no intrinsic value of any "Art" piece. There is no MSRP in the art world. She was offered 2 million dollars for it, so that is what it is currently worth (if that offer even still stands). If she rejects that offer and /or it is rescinded, and there is no other offer, the painting is worth 5 dollars. plain and simple. This is economics 101. "Art" is no exception.
Posted by pmfaricy on Sun, May 6, 2007 9:17 PM ET
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