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A comment on Peter Doig sued for disavowing 40-year-old painting. Parent comment

Re:Peter Doig sued for disavowing 40-year-old painting by intopieces on Thursday July 07, 2016 @06:25PM (#12052472)
>Unless of course the original price they paid for the painting was millions of dollars.

The retired corrections officer, Robert Fletcher, 62, said he bought the painting for $100 from a man named Pete Doige (spelled with an e), whom he met in 1975 in Thunder Bay, Ontario.

But that's beside the point. If it's worth $Xm, it can be used as collateral for a loan. And it's probably also insured for a certain amount.

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Re:Peter Doig sued for disavowing 40-year-old painting by rdtsc on Thursday July 07, 2016 @06:55PM (#12052627)
It is up to the loan company then to ascertain if it is worth that much, let them sue the artist.

> If it's worth $Xm, it can be used as collateral for a loan

It is worth only that much if it is authentic. The "if" is pretty big it seems.

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