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Locker blindly purchased for $15K yields millions at auction
This who-gets-hurt locker turned out to be a treasure chest. A Chelsea gallery owner who blindly plunked down $15,000 for a storage locker only to find it held a trove of fine art made more than 100-times his investment at auction Sunday — with one piece alone fetching $1,000,000. “I was hoping for the ‘M’ word,” said David Killen — and he got it when bidding for an untitled work by Dutch abstract expressionist Willem de Kooning closed for the cool million dollars at Killen’s West 25th Street gallery. Killen also hauled in $60,000 for a second de Kooning, as well as $26,000 for ‘Vorhang 129,’ a 1924 ... (full story)