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.

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