Joe Collins bought the portrait, and after his death his close friend donated it to the Haunted Mansion of Kissimmee in his honor, and after that place went out of business it sold in 1999 for $3000 on ebay, and now this.
If it really is in excellent condition as described in this sale, it would have to have been restored because it was in terrible shape in 1999. That's something a buyer should definitely ask about.