Alexander Calder Necklace: $267,750
A Philadelphia woman shopping at a flea market found a piece of bold jewelry she thought would be a nice addition to her collection. Three years after she purchased the necklace she noticed similar jewelry in a display at the Philadelphia Art Museum. The jewelry was the work of Alexander Calder. The woman quickly called the Calder Foundation in New York and received confirmation that her piece was real. She decided to sell her discovery at Christie’s, First Open Sale of Post-War & Contemporary Art. The necklace was listed as ‘silver wire and cord, executed circa 1940.’ Her cheap find turned into a $267,750 payday.
