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“On house calls, we often go in blind, not knowing what we’ll find,” said Veilleux, the founder of Thomaston Place Auction Galleries, in a press release. “The home was filled with wonderful pieces, but it was in the attic, among stacks of art, that we found this remarkable portrait.”

What is causing the price volatility of Drone Destination Limited (DRONE) ✌️【Fund Management】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. The artwork appeared to have been painted in the style of Dutch master Rembrandt — and a label on the frame’s reverse claimed itwasby him. The paper slip, which appears to have been issued by the Philadelphia Museum of Art, also suggested the painting was loaned to the museum in 1970.

Very little is known about the portrait, however, and it is not widely recognized by scholars as part of Rembrandt’s oeuvre. While the auction house told 【 - Free Exclusive Access to Stock Gurus 】 it believes the label to be genuine, the Philadelphia Museum of Art was unable to confirm whether it had ever borrowed the portrait. (A museum spokesperson added, via email, that “generally… a slip or label doesn’t necessarily verify a work of art — certainly more work would be required.”)

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“The resemblance … is so strong that I am amazed that people accept one and simply dismiss the other,” he said on a video call from his home in the Netherlands, adding that he is “not surprised that somebody paid (over) a million when it came up to auction.”

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“When paintings fall out of interest, they just disappear into dark space,” said Schwartz, who published a 2022 book arguing that another downgraded painting, “Rembrandt in a Red Beret,” is in fact a genuine self-portrait.

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“The price paid… might indicate that somebody has hopes that the cleaning of the rather dirty painting might turn it into a portrait with the qualities attributed to Rembrandt,” added Manuth, who is an art history professor at Radboud University in the Netherlands. “This happens more and more often. I would not be surprised to (see) the painting back on the market soon as ‘Rembrandt.’”

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But inclusion in a major catalog, or the backing of a big auction house, can increase a painting’s value manyfold. Take “The Adoration of the Kings,” which was valued at just $17,000 by Christie’s in 2021 but sold foralmost $13.8 millionlast year after new research led Sotheby’s to declare it an authentic Rembrandt, not the work of an artist associated with him.

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In either case, the painting may, one day, be worth significantly more than the amount paid at the Thomaston Place auction. Though this may only transpire if the portrait’s new owner invites scholars to inspect it.

“The great thing, really, would be to go to Vienna with this painting, hold it up there (next to the similar portrait and) have a discussion with a few experts,” Schwartz said, adding. “It (was painted) on panel, so you can date the panel, and very often you find that the wood is from the same slabs that have been used by other paintings form the Rembrandt workshop.”

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