David Bowie’s painting which was bought for £ 3 was auctioned for £ 63,000

A David Bowie painting that was bought for just CA $ 5 (£ 3) fetched almost CA $ 108,120 (£ 63,115) in a recent auction.

The 1997 painting, which was auctioned by Canadian fine art dealer and auctioneer Cowley Abbott President Rob Cowley, is one of a series of 47 paintings Bowie worked on between 1995 and 1997.

Bowie signed and dated the painting on the back of his 9.75 x 8 inch canvas. Its title, ‘DHead XLVI’, also appears on the back of the work, according to Cowley Abbott’s Catalog.

The coin was collected for around C $ 5 (around £ 3) last year from a donation center at a landfill in Ontario, Canada, Cowley said. CNN before the auction.

The coin was estimated to fetch an auction of CA $ 12,000 (£ 7,000), but exceeded its valuation amount on the first day of the auction.

The painting was authenticated by Bowie specialist Andy Peters (of davidbowieautograph.com), who said CNN that he recognized it as a work of art by Bowie the instant he saw it.

“When I saw the painting for the first time, I knew immediately what it was,” said Peters. “I didn’t need to see the autograph on the back because I knew it, but obviously the signature sealed the deal.”

The unidentified seller – who is not an art collector – contacted Cowley Abbott in November of last year, Cowley said, and the two parties have started working to authenticate the work.

The portrait is part of Bowie’s DHead Collection, through which he painted “Friends, Family and Other Musicians” as well as self-portraits.

David Bowie died in January 2016 after an 18-month battle with cancer at the age of 69.

It was announced earlier this month that Liverpool will host David Bowie’s first-ever world fan convention next year. The convention – which will feature panels, live performances and a “Bowie Ball” – will celebrate the 50th anniversary of the artist’s classic album “The Rise And Fall Of Ziggy Stardust And The Spiders From Mars”.

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