<b>Kishore Singh</b>: The lost 'old' treasures
Are there any secret, or undiscovered, collections of the kind in Iran, in India?

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Some time last year, CNBC did a news report on a cache of art amassed by Queen Farah Pahlavi, the Shah of Iran’s wife, before the uprising that overthrew the dynasty in 1979. It lies bubble-wrapped in the basement of the Tehran Museum of Contemporary Art. The works in the collection include Pablo Picasso, Renoir, Marc Chagall, Andy Warhol and other European modernists, and the handpicked masters are expected to number 1,500-1,600 works, of which only one painting has ever been sold, and the museum has only recently begun to show one work at a time — at the time of filing its report, an exquisite Rene Magritte was on display. A Jackson Pollock that forms part of the collection is estimated to value an extraordinary $400 million. The value of the collection? Experts will not say beyond the expected “priceless”.