Jesse Ronnebaum originally haggled the price down from just one painting . Last week he noticed painting was called ' Palette and Chisel Club ##lette ' The Palette and painting ##lette of Fine Arts was founded in 1895 by students at Art institute of Chicago 's art school and still stands today . Ronnebaum found out the painting , which features seven men playing pool , was painted by seven esteemed artists from the organization . Painting is now being restored and will auction in Chicago in May .
Jesse Ronnebaum originally haggled the price down from just one dollar . Last week he noticed painting was signed 'Palette and Chisel Club 1910 ' The Palette and Chisel Academy of Fine Arts was founded in 1895 by students at Art Institute of Chicago 's night school and still stands today . Ronnebaum found out the painting , which features seven men playing pool , was painted by seven esteemed artists from the organization . Painting is now being restored and will auction in Chicago in May .