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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
FinanceArt Auction

New Hampshire woman learns on Facebook that her $4 thrift store purchase was a rare painting worth as much as $250,000

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
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September 1, 2023, 11:42 AM ET
A $4 thrift shop find could be worth hundreds of thousands of dollars.
A $4 thrift shop find could be worth hundreds of thousands of dollars. Courtesy of Bonhams Skinner
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A 2017 trip to a thrift store could prove life-altering for a New Hampshire woman.

Six years ago, the unknown shopper was looking for scrap frames in Manchester and found a fairly basic one surrounding an oil painting. That painting, it turns out, was a lost work by the American great N.C. Wyeth—and it’s expected to fetch between $150,000 and $250,000 at an upcoming auction. Bonhams Skinner will put it up for bids on Sept. 19.

It’s not just the trash-to-treasure element that makes this story unique. If it wasn’t for a Facebook group, the painting might well have stayed hidden for many more years.

The owner, after purchasing the work of art, took a liking to it and hung it in her room instead of discarding the artwork for the frame. She joked about it being an authentic Wyeth and did a perfunctory internet search, but didn’t find anything.

Then, earlier this year, she posted a picture to the Facebook group “Things Found In Walls” on a whim. A user suggested she post the images to a Wyeth-specific group, where an expert took notice.

They got together about a month later, when it was authenticated.

The painting, says Lauren Lewis, the expert who authenticated it, is “in amazing condition, especially considering it’s been missing for 80 years.”

N.C. Wyeth was one of America’s best-known painters in the early 20th century. He was especially well known for illustrating books—and in the 1930s, Little, Brown and Co. contracted him to produce four paintings for the release of Ramona by Helen Hunt Jackson. The book told the story of a half-Scottish, half-Native American orphan.

Wyeth delivered the paintings; the trail went cold from that point. Bonhams Skinner speculates this painting “likely was gifted by Little, Brown and Company publishers to an editor or to the estate of the author.”

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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