With support from the University of Richmond

History News Network puts current events into historical perspective. Subscribe to our newsletter for new perspectives on the ways history continues to resonate in the present. Explore our archive of thousands of original op-eds and curated stories from around the web. Join us to learn more about the past, now.

'Fake' Rembrandt Worth Millions

The auction house thought the portrait was a 17th century Rembrandt knockoff, and valued it at just $3,100. But the British buyer who paid about 1,500 times more than that apparently knew what he was doing.

Experts have confirmed "Rembrandt Laughing" — bought for a bargain price of $4.5 million at an English auction house in October — is a self-portrait by the Dutch master himself, depicted with his head tilted back in easygoing laughter.

William Noortman from Noortman Master Paintings, specializing in Dutch and Flemish masters, said it's worth $30 million to $40 million, adding: "I'm very surprised it didn't make more at auction."

The 9 1/2-inch-by-6 1/2-inch painting will hang in the Rembrandt House Museum in Amsterdam through June 29, on loan from the anonymous Briton who bought it at the auction by Moore, Allen and Innocent in Gloucestershire and had it cleaned and examined by British experts.
Read entire article at Time