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Is it Trash or Treasure? And What's the Worth?

by Peter Rexford

All over the news last week was one of those, "Wow, if only it were me" stories. It involved a woman in Louisiana who purchased a painting at a garage sale for $2. Admittedly, the painting isn't my cup of tea — sort of a cubist/abstract look. But who cares? After she bought it, the name "Picasso" was found to be painted onto it.

The FBI now has it and confirmed it's not on a list of stolen artwork. If genuine, the value would naturally be in hundreds of thousa ...

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