Spinster left artworks worth millions in her humble terrace house

13 April 2012

Millionairess: Jean Preston owned millions of pounds worth of art, yet lived a modest existence

Inside the frugal spinster's neat red brick property, however, lay a series of rare artworks which would rival those held by many of the greatest galleries.

Valuers called in after 77-year-old Miss Preston's death stumbled across a treasure trove in the kitchen, living room and spare bedroom.

Now, a year after two lost masterpieces were found, another two works have come to light, worth £1million between them.

They are a 19th century watercolour by the English painter Dante Gabriel Rossetti, which was found hanging in the kitchen, and an oil painting by Sir Edward Burne-Jones, kept above the electric fire in the living room.

Treasures already taken from the house in Oxford include a rare edition of the works of Geoffrey Chaucer found under a cardigan in a wardrobe. It was later sold for £74,000.

Scroll down for more...

Living room: Oil painting by Sir Edward Burne-Jones entitled Music (left) while (right) discovered in the kitchen, a watercolour by English painter Dante Gabriel Rossetti

And hanging behind the door in the spare bedroom were two lost 15th century Fra Angelico paintings worth an astonishing £1.7million.

Yesterday it emerged that the Pre-Raphaelite paintings by Rossetti and Burne-Jones are of such importance that they have been saved for the nation and will be displayed at a museum.

Guy Schwinge, of auctioneers Dukes of Dorchester, said: "When we were asked to visit Miss Preston's home we had been told by her family there may be some interesting works of art inside. It turns out that was something of an understatement.

Scroll down for more...

Spare bedroom: Two Fra Angelico paintings, missing pieces of an eight-work altar decoration

"In almost every room there were works of art that were quite staggering in their sheer quality and importance."

Miss Preston, who died in 2006, had been a curator of manuscripts at the Huntington Library in California and at Princeton University Library, and her father was a keen collector.

He acquired the oil painting by Burne-Jones (1833-1898) after it sold at Christie's on April 13, 1934, for £147. Entitled Music, it was monogrammed "EBJ".

Scroll down for more...

Bedroom: Rare edition of the Works of Chaucer, 14 inches tall and too big to fit on Miss Preston's book shelf

The watercolour by Rossetti (1828-1882) depicts Shakespeare's Hamlet and Ophelia and is monogrammed and dated 1866. It was commissioned by Merseyside lawyer and art collector AT Squarey.

Both paintings have been saved for the nation under a government scheme which encourages estates to offer prized work in settlement of inheritance tax.

It is hoped they will go on display at Oxford's Ashmolean Museum.

Scroll down for more...

Jean Preston's £200,000 terrace house in Oxford

After the discovery of the Fra Angelico paintings, Miss Preston's nephew, who did not want to be named, said: 'My aunt bought her clothes from a catalogue, ate frozen meals and went everywhere on the bus.

"Who would have thought she had the equivalent of a winning lottery ticket in her spare room all these years?"

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Sign up you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy notice .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in