He paid $50 for a painting by famed Canadian. The artwork 'lost to time' in a barn could fetch over $200K

'The fact that nobody knew this painting existed will add to its importance and value,' says Allan Treibitz, the eagle-eyed New York-based art dealer

When a long-forgotten oil on canvas painting by famed Canadian artist Emily Carr goes up for auction next month in Toronto, it’s expected to fetch upwards of $200,000.

But Allan Treibitz, the eagle-eyed New York-based art dealer who paid $50 for the 112-year-old “Masset, Q.C.I.” at a barn sale in the Hamptons over the summer, expects the final amount will “blow past” the estimate.