Painting by ‘Italian master’ expected to sell for £50 reaches £160,000 at auction

It's not identified – but – who the artist of the mysterious portray is suspected to be (Image: Wessex)

A uncommon portray which was solely anticipated to make £50 at public sale turned the sudden centre of a ‘bidding frenzy’.

The paintings, depicting Madonna and youngster, bought yesterday for £160,000.

Particulars on the portray’s background are scant however some imagine it might be the work of an ‘Italian grasp’.

The late-Renaissance fashion piece had gone underneath the hammer at TW Gaze in Diss, Norfolk.

However a bidding battle quickly ignited, with worldwide provides flying in over the cellphone and on-line.

It's unknown winner must pay £200,000 in complete when auctioneer charges are added to the ultimate complete.

Antiques fanatic Ian Honeyman had been ‘flabbergasted’ on the payment the portray had gone for.

The skilled has additionally instructed it may promote once more sooner or later after being restored.

‘I’d anticipate it could flip up in a London public sale home, the place it may go for over £1 million,’ he stated.

‘I noticed this portray and thought that it seemed actually attention-grabbing: it’s bought an excellent age to it, it’s nicely painted, good subject material – the Madonna and youngster – so I assumed I’d attempt to purchase it for its £50 to 80 estimate.

‘Like lots of people I popped down and was very, very shocked when the costs began to get into the tens of hundreds.

‘The vendor should have been excited – it’s seemingly she or he had it underneath their mattress for a few years with out realising its worth.’

It's not identified – but – who the artist of the mysterious portray is suspected to be.

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