However, an art dealer from Chelsea, London, believed the painting may have been real.
Archie Parker said: "I came across a Chirstie's catalogue for an interiors sale and within it, among mostly furniture, was this painting."
The painting actually includes a visible signature in the bottom right corner, as well as a date and light pencil markings that show the first draft of the picture.
It turned out that Archie Parker's suspicions were in fact correct - the painting was real.
After buying the painting for $20,000 (£16,200) he is now selling it on for a sizable profit.
He says: "If the highest bid had been $50 (£40), that's what it would have been sold for. For a while it was about to go down at $5,000, before the telephones came in.
"It went up to $175,000 (£141,600) which, including buyer's premium, was just over $200,000 (£161,900)."
Luckily for him it all turned out alright in the end, and he made himself a tidy sum!
10 incredible auctions
10 incredible auctions
The most expensive watch ever sold at auction fetched just under $24 million in November 2014. The gold pocket watch was made by Patek Philippe, and is the most complex ever made without the use of computer technology.
The Henry Graves Supercomplication was commissioned in 1925, and took eight years to make.
The world's most expensive stamp sold at auction in 2014 for over $9 million.
The British Guiana One-Cent Magenta is as rare as a stamp can get. British Guiana was one of the first countries in the New World to start issuing stamps, but in 1856, they ran out, and asked the local newspaper printer to produce extras.
There were two denominations: the four-cent, which is very rare, and the one-cent - of which only one has ever been discovered.
In May 2015, an anonymous London businesswoman snapped up the licence plate KR15 HNA for £233,000, making it the most expensive standard number plate ever to be sold in the UK.
Queen Victoria's bloomers sold at auction for £6,200, along with a pair of her silk stockings.
They have a 52-inch waist, and belonged to the monarch in the 1890s - "towards the end of her life when she had eaten a lot more than most people could afford to," said auctioneer Michael Hogben. In today's sizing, they'd be a size 26.
In 2014, a three-year-old slice of cake sold at auction for $7,500 (£4,800). The reason the stale cake was in such demand was that it was from the marriage of Prince William to Kate Middleton in 2011.
The buyer said he intended to give it away as part of promoting his Silicon Valley start-up.
A British coin sold at auction for a record-breaking £430,000 in 2014. After fees, the buyer paid £516,000 - making it the most expensive modern British coin ever to be sold.
The coin is only one of two in existence. It was a 'proof' for a gold sovereign which was meant to be produced to commemorate the coronation of Edward VIII in 1937. However, Edward abdicated in 1936, so the coronation never happened and the coins were never made