What this consultant did with an inherited artwork that ended up being worth millions
Brent, a retired consultant from Ontario, inherited a valuable art collection from his late Aunt Val, who had a close relationship with the artist Francis Bacon. The collection included significant works that were auctioned at Christie's, resulting in a substantial financial gain for Brent. After taxes and fees, he received just over $3 million, which he invested for retirement.
- ▪Brent inherited an art collection from his Aunt Val, who was closely associated with artist Francis Bacon.
- ▪The collection was auctioned at Christie's, with Bacon's self-portrait selling for nearly $9 million.
- ▪After taxes and fees, Brent's share of the inheritance amounted to just over $3 million.
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Open this photo in gallery:Photo Illustration by The Globe and Mail. Sources: iStock/Getty ImagesShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountThe beneficiary: “Brent” is a 72-year-old, newly retired from his work as a consultant in Ontario. Divorced with kids, he’s long been remarried. Brent is one of four cousins on his mother’s side, whose family of sisters included Brent’s eccentric Aunt Val, who lived and hobnobbed across Europe and curated and collected art.The inheritance: About 20 years ago, Aunt Val passed away well into her 80s without a partner or children to inherit anything from her eclectic estate, which included artworks she’d collected over five decades of working in the art world.
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