Source AP ©

Expensive painting found in cheap pullout couch

A German student was so lucky to by a pullout couch for EUR150 (US$215) at a Berlin flea market and to find an expensive painting in it.

The piece of art, a 26-centimeter-by-39-centimeter (10.2-inches-by-15.35-inches) oil-on-shale painting was sold for EUR19,200 (US$27,630) at a Hamburg art auction over the weekend, Auction House Kunst Kettler said Monday.

According to the auction house, the piece titled "Preparation to escape to Egypt" was painted by an unknown artist close to Venetian painter Carlo Saraceni between 1605 and 1620.

The student's identity was not revealed.

The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13

Putin informed about arrest of US investor Michael Calvey
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