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July 5, 2010
Recover a Caravaggio, Identify a lurking Velasquez
Can this be true? Sure - it may be.
Yale University, which saw its investments fall about 25 percent in the year ending in June 2009 as the economy tanked, happened upon an appreciating asset in a storage room underneath its art gallery: an oil painting it now attributes to 17th-century Spanish master Diego Velazquez.. . .
The unsigned painting, "The Education of the Virgin," was originally credited to an unknown 17th-century Seville artist. Depicting the Virgin Mary and her mother, it was a gift in 1925 from two wealthy Yale alumni, Henry Hotchkiss Townshend and his brother, Raynham Townshend.
In 2002, when the gallery was preparing for renovation and paintings were transferred to off-site storage, Kanter said the "Virgin" painting caught his eye for being of very high quality.
"But I had no idea what it was," he added.
Posted by CrankyProfessor at July 5, 2010 1:00 PM