Progress Report

It is a long time since my last posting and progress report and I want to give a brief update. On Sept 18 of 2010 we received an offer of $700,000 for the painting in its mid-restoration state , in thirteen crated pieces in storage. We have declined the offer from Christian Baha of the Austrian Hedge fund and continue to pursue funding sources for the restoration and the documentary film. We need $120,000 and $120, for the film. Cristian Baha had a difficult year and only made $85 million personally on the $1.7 billion under his management.

A friend of mine who's cousin just built a house for Carlos Slim of Mexico has promise us to contact him on our behalf. He is the richest man in the world and is building a MOMA in Mexico City. He paid $153 Mil. for one Jackson Pollack. I wonder what he might be willing to pay for the worlds largest Hundertwasser painting, for loan or purchase.

We are seeking grants for this purpose and have contacted grant writer to assist in this effort.

We have also become aware of three company's that are licenced to sell an art print of this painting by his archive for $350. We are applying for permission to do the same, but use our own , better photographic images, unavailable through any other source. We will also try to get a licence to sell all things Hunderwasser as are sold on his museum store. If people will buy though our online site, we could use the proceeds to pursue the restoration of the painting and the documentary film.

We are also getting an independent appraisal from Victor Wiener, the ex-president of the national appraisers association. We intent to approach banks who will lend against the painting as collateral. I will attach a file of a 25 page article on the appraisal of large scale art.

I will keep you posted on our progress. I have attach some close up photos that were taken of the painting that have been photo retouched using photo-shop. They are all copyright protected and can not be used for any reason without consent from us, as is any and all information on this blog.