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Noun. A lostpainting is a homosexual gentleman who thinks himself highly original and free thinking. However, to an observer, a lostpainting is exposed as a cleverly crafted poseur of little real substance. Originally in reference to the 1966 art-heist film How to Steal a Million, starring Audrey Hepburn and Peter O'Toole. A lostpainting is epitomized by this quote from the film: Charles Bonnet (O'Toole): What have I done? I've given the world a precious opportunity of studying and viewing the Cellini Venus. Nicole Bonnet (Hepburn): Which is not by Cellini! Charles Bonnet: Ahh, labels, labels. It's working with the Americans that's given you this obsession with labels and brand names. I wish you'd give up that ridiculous job.
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