Rembrandt painting sells at Bloomfield auction

An observant buyer at a Bloomfield auction house realized that a painting simply billed as an "oil-on-board" was possibly an early Rembrandt, and paid a

John Nye, of Nye & Company Auctioneers and Appraisers, says he is still reeling over the find.

John Nye, of Nye & Company Auctioneers and Appraisers, says he is still reeling over the find. (9/23/15)

BLOOMFIELD - An observant buyer at a Bloomfield auction house realized that a painting simply billed as an "oil-on-board" was possibly an early Rembrandt, and paid a pretty penny for the piece.

John Nye, of Nye & Company Auctioneers and Appraisers, says he is still reeling over the find, which he originally appraised for only $500 to $800. At auction, the painting greatly inflated in price, eventually selling for just under $1.1 million.

Nine times a year, Nye & Company auctions off hundreds of items, many of which come from people's homes. The company says it has never sold an item for more than $1 million.

The painting, acquired from an estate sale of a family in Essex County, is now considered to be a rediscovered masterpiece. Until its discovery, the whereabouts of the painting were unknown.

Nye says it is unusual to be able to identify pieces of art that may be as old as the 17th century.

The new European owner of the painting has not been named.

advertisement | advertise on News 12

Trending Video

87-year-old Inge Goldstein poses with a sign she 1 Women's March event to be held in Pompton Plains
Jersey City police looking for shooter after bullets 2 Bullets strike one person, NJ Transit bus in Jersey City
A make-shift memorial sits at the site where 3 Shooting leaves 3 dead in Jersey City
Englewood Hospital using bottled water after high levels 4 High levels of lead found in water samples at Englewood Hospital
Montclair police released this composite sketch of a 5 Montclair police probe 2 attempted luring incidents

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE