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Woman unknowingly owns Lichtenstein piece for decades

on Monday,December 06,2010 19:12

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Recently, contemporary art has grown in popularity among collectors. However, one 74-year old woman had no idea that she owned a valuable piece for more than 45 years until just weeks ago.

Enid Liess purchased "The Statesman" by Roy Lichtenstein at an art auction at her temple in the 1960s, according to the Washington Post. Today, collectors might have paid millions for the work, but Liess spent $12.50 on "The Statesman," which hung above her fireplace for years.

The painting has traveled with Liess from her home in Milwaukee to Virginia since it was purchased at auction. Eventually, Liess brought the piece to the Milwaukee Art Museum for authentication after recognizing "The Statesman" at a lecture. Since receiving confirmation, Liess has decided to put the piece up for auction once again, starting at $40,000.

"I have very mixed feelings," Liess told the news source. "I'm a person who primarily does not care about things. Artwork is what I have picked to engage my being."

Employment of artists is projected to increase by 12 percent over the next eight years, according to the U.S. Bureau of Labor Statistics.

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