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Bowie painting bought for $4 sold at auction for Can$108,000

Bowie died of cancer in January 2016, two days after he released his 25th studio album
Bowie died of cancer in January 2016, two days after he released his 25th studio album

A painting by British pop icon David Bowie recently discovered and purchased for about $5 at a Canadian shop that resells donated goods has been sold at auction in Toronto for Can$108,000 (€73,532).

The sale price blew past auction house Cowley Abbot's estimated $7,000 to $10,000 valuation of the diminutive artwork, which went to an American collector.

Auctioneer Rob Cowley said a dozen bidders vied for the computer and acrylic collage on canvas.

It is part of the so-called D Head series of portraits of the Ziggy Stardust rocker himself, his friends, and others that he painted between 1995 and 1997.

The 24cm by 20cm painting of a pale figure dressed in teal clothes, with teal and red hair on a crimson background, was originally sold through a website around 2001.

The painting is part of the so-called D Head series of portraits (Pic: Cowley Abbott's auction house)

It somehow found itself two decades later at a donations store in South River, Ontario, 300km north of Toronto. There, an anonymous buyer paid Can$5 (€3.40) for it.

"We were very excited to discover that the artwork was original and authentic," Mr Cowley said at the start of the two-week online auction.

Bowie's signed initials on the back, he said, were authenticated by a Bowie autographs expert.

The seller is "delighted and shocked" that the painting fetched such a high price, Mr Cowley said.

Bowie attended art school and collected hundreds of artworks during his lifetime that were sold off for tens of millions of dollars after his death. But his own artworks, according to Cowley, rarely go on sale.

Starting with "Space Oddity" in 1969, Bowie scored hit after hit over more than four decades, ranging from "The Jean Genie" and "Heroes" in the 1970s to "Let's Dance" and "Modern Love" in the 1980s to more recent hits like 2013's wistful "Where Are We Now?".

Two days after the release of his 25th studio album, "Blackstar," on his 69th birthday, Bowie died of cancer on 10 January 2016.