New York - A hedge fund manager has stumbled upon unreleased nude photographs of Madonna and Lauren Hutton, besides Arnold Schwarzenegger’s explicit photograph, after buying the abandoned storage locker of Penthouse magazine’s founder.

The locker in Edgewood, New Jersey, contains thousands of nude and pornographic pictures, which were a part of the estate of Bob Guccione, the founder and publisher of Penthouse.

Guccione created a magazine empire in 1965 with his semi-pornographic publication, but was forced to declare bankruptcy in 2003. He died of cancer in 2010 aged 79.

Guccione left the material behind when his company was forced to close down, the New York Post reported. Jeremy Frommer found photos of Madonna and Hutton, including the original negatives and release forms, besides Arnold Schwarzenegger’s explicit photograph.

Letters from former Vice-President Dick Cheney are also believed to be part of the discovered material. There’s also footage from the infamous epic “Caligula” and an unpublished manuscript with 63 oil paintings by Guccione, who was also apainter and art collector.
 
Frommer is working with film producer Rick Schwartz to curate and preserve the collection and plans an exhibition of some of the material.