Auctions A $300 Watercolor Turns Out to Be a JMW Turner That Could Be Worth $38,000 The painter's rendering of a cathedral is heading to auction. JMW Turner, Bishop Vaughans Chapel, St David's (1795).

An art museum has been outbid at auction - despite what it called its "Herculean" efforts - to bring a JMW Turner painting home to the city that inspired it following its rediscovery after 150 years.

J.M.W. Turner, Bishop Vaughan’s Chapel, St David’s, (1795). Courtesy Cheffins Auctioneers A J.M.W Turner watercolor that was acquired for a mere £100 ($127) in the early 1990s is now expected ...