A piece of art purchased for just $50 earlier this year was later identified as an original painting by Canadian artist Emily Carr.

A piece of art that was purchased for just $50 earlier this year is now expected to sell for upwards of $147,000 at an auction next month after being identified as an original painting by Canadian artist Emily Carr.

Art dealer Allen Treibitz discovered the painting while shopping a barn sale in Long Island, New York. The painting, titled "Masset, Q.C.I.," is of a carved bear standing on top of an indigenous memorial totem pole.

"You could just tell that painting had something special about it," Treibitz told Global News. "It definitely had a look, and it was definitely very interesting."

After purchasing the painting signed by Carr, the art dealer researched the artist and realized how much of a bargain he got it for. He took the 1912 piece to Heffel Fine Art Auction House in Canada to seek help on what he should do with his new purchase.

"There was no doubt in my mind that this was an exciting Cinderella discovery," David Heffel, the president of the auction house told the Canadian Press.

Experts confirmed that the painting was one of the many brilliant pieces by the post-impressionist landscape painter.

According to Heffel Fine Auction House, it's likely that Carr gifted the painting to her friend Nell Cozier and her husband in the 1930s. The couple were originally from Victoria, B.C. but moved to Long Island where they were caretakers for a large estate.

The painting will go up for auction on Nov. 20 at Heffel Fine Art Auction House and is expected to fetch between around $73,000 and $147,000. Before it's officially up for auction, art lovers can view the painting, which will be displayed at Heffel galleries in Calgary, Vancouver, Montreal, and Toronto.