I paid £4 for two paintings from the tip – I bought them at auction
A WOMAN shared the impressive profit she made on two items she picked up at the dump.
After purchasing the second-hand paintings, she decided to have them appraised to determine their value.
2
In a after In the Facebook group Car boot treasures, finds & best buys, she explained how she made 225 times her original investment.
She explained that she has had an interest in flea markets all her life and described the paintings as her “best find yet.”
“My family started the Cheddar Car Boot Sale & Market 28 years ago, so I’ve been bargain hunting since I was nine years old,” the poster reads.
According to the woman, she bought two paintings for £2 each from a ‘regular stallholder’.
She explained that the artworks were originally by British painter Anne Cotterill.
The man who sold her the artwork bought his stuff from the Taunton landfill site.
This meant that both paintings had been thrown away by the previous owner.
Despite the value of the artwork, the Facebook user indicated that she initially only liked its appearance.
“I bought them because I liked them, but when I looked at them more closely I realized they were originals. Anne was a well-known artist who focused on flowers,” she said.
She decided to take the paintings to the local auction house to sell them there.
The auctioneers agreed to include the pieces in their next auction and they fetched an impressive sum.
She said both paintings were purchased for a total of £900.
The Facebook user then wondered if she should have kept the original artwork.
She added photos of both framed paintings, one of which featured a vase of daffodils.
The second artwork showed a bouquet of wild flowers with some fruit next to it.
Tips for making a profit on artwork
Artsper’s experts shared the steps you should consider when reselling artwork.
Appreciating a work of art
Get advice from an expert about the exact value and possibilities.
Resale at auction
Make appointments two to three months in advance to have your artwork appraised.
Galleries or dealers
Often they will buy the work from you to resell it themselves, allowing them to offer you a better warranty.
Taxes
This depends on how long you have owned the artwork.
If you have the date, description and original purchase price and you have owned the item for 12 years or more, tax will be charged under the common law system.
If you have owned the item for less than 12 years, a flat tax rate will be charged.
Artist’s rights to resell the work
During the 70 years following the artist’s death, a portion of the resale price of the artwork is distributed to the artist’s heirs or beneficiaries.
Facebook users shared their thoughts on the impressive finds in the comments.
“They are both beautiful paintings, although the daffodil is my favorite. What a great find and win,” wrote one reader.
“You clearly have a good eye!” said another impressed Facebook user.
“Great find! We’ve been talking about Cheddar car boot all week!” commented a third person.
“Still bought some stuff there and an Anne Cotterill, but only a print!”
2
