MILWAUKEE (WTAQ) - A woman spent $12.34 at a Goodwill store in Milwaukee, for an art work that was found to be worth $9,000.
Karen Mallet got her amazing bargain for a lithograph called “Red Nose,” by American artist Alexander Calder. It was a black and white picture of an ape with a black eye – and the red nose was the only color on the drawing.
The price was $12.99, but Mallet used her Goodwill loyalty card to save 65 cents. Then she saw Calder’s signature and went online to see what kind of a deal she got.
The piece was among 75 that were signed, and a Chicago fine art business recently valued it at $9,000.
The Associated Press said it was the fourth time in six months that a Goodwill store drastically undervalued an art work at its stores throughout the country.
One woman got $27,000 for a painting she bought for $9.99 at Goodwill. And an ancient Indian artifact was returned to its tribe instead of being sold.
Cheryl Lightholder of Goodwill said her charitable group tries to spot valuables and auction them off – but some items fall through the cracks, and their employees are not experts at fine art.