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Dumped oil painting fetches $1m

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A painting stolen 20 years ago then found lying in a pile of rubbish on a New York City street has sold at auction for just over $1m (£484,000).

The 1970 painting Tres Personajes (Three People) by Mexican artist Rufino Tamayo was taken from a warehouse where the owners had placed it while moving.

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Elizabeth Gibson said she was drawn to the painting when she spotted it on the street.

"I know nothing of modern art but it didn't seem right for any piece of art to be discarded like that," she said.

It hung on a wall in her home for several months before a friend suggested it might be valuable.

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Reply#1 - Wed Nov 21, 2007 7:19 AM EST
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