At least six bidders do (definitely not the auction house estimator):
An 18th-century unsigned oil painting of the Grand Canal in Venice, estimated at a modest $6,000 to $8,000, sold for $687,125 Sunday afternoon at Sloans & Kenyon auction house in Chevy Chase. It is believed to be the most expensive painting ever sold at a Washington area auction.Interesting, nu?
Thirteen phone bidders competed against live bidders in the gallery for this work from the "school of" the 18th-century artist Giovanni Antonio Canaletto.
"It is highly probable the painting is by Michele Marieschi," said London art dealer Charles Beddington, who was an adviser to the painting's runner-up, who stopped bidding at $550,000. Marieschi, another 18th-century artist, never signed his work and died young, Beddington said.Read the WaPo story here.