The Margin: This Al Hirschfeld drawing found for just $9.75 in a New York thrift shop could now sell for $50,000

by | Nov 13, 2022 | Stock Market

One summer day in the early 1960s, Michel Kleinbaum, a diamond setter who lived in New York City, paid a visit to his favorite thrift store near where he worked in Manhattan. It’s the place that he found all sorts of items of interest — he was always on the hunt for anything bird-related, since he was an inveterate bird-watcher. But on this occasion, he came upon a drawing depicting the cast of the original 1951 production of “The King and I.” It was by none other Al Hirschfeld, the caricaturist whose work showcasing figures in the entertainment world was regularly featured in The New York Times.

Kleinbaum, who regularly attended Broadway shows in New York with his wife, knew he had to have it. The price? A mere $12 — a bargain even by the standards of the day. Even better, the store was having a summer sale, so he nabbed it for $9.75. Roughly 60 years later, the drawing has come to light once again. Kleinbaum’s son, Georges, has decided to sell it now that both his father and mother have passed away. But Georges will be getting a fair bit more than $9.75. The work …

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