‘Peasant woman in front of a farmhouse’ (‘Paysanne devant une chaumière’ in French), an 1885 work by Vincent van Gogh that was bought back in the 1960s in the UK for about 5 euro, just sold for 15 million euro at the world’s premier art fair TEFAF in Maastricht, Limburg.
It’s one of those stories were someone had left the painting in a cellar for years until a local antique merchant bought it at an auction for next to nothing. One year later, the painting was sold to a journalist for about 53 euro; he showed it the Tate Gallery director and it was deemed to be a Van Gogh. The journalist then auctioned it off in 1970 at Sotheby’s in New York City where it fetched USD 110.000 (97.455 euro).
In 2001 the work was sold for the last time at Sotheby’s for 1.5 million euro. Today, at 15 million euro, it’s the most expensive artwork ever sold at the TEFAF, although not all sales at the annual event are made public.