Henri Neuendorf, Monday, September 21, 2015
A finely embroidered Buddhist thangka was sold for $1.5 million at Sotheby’s, New York on Wednesday. Estimated to sell for between $80,000 and $120,000, the artwork fetched 15 times the expected price.
The 18th century Qing dynasty thangka hung in an Arizona home for decades. The artwork was bought by the collector Wilton D. Cole and his wife in 1971 and passed down to their children, who were reportedly unaware of the artifact’s value.