In 1958, Margaret Ulbrich leaves her then-husband and takes her young daughter Jane to North Beach, San Francisco, where she gets a job painting illustrations at a furniture factory. While doing portraits at an outdoor art show, she meets Walter Keane, who sells paintings of Parisian street scenes but makes his money in real estate. They soon become close friends. Margaret is distraught when her ex-husband, Jane's father, asks for custody of Jane as part of the divorce settlement. Walter proposes, and they marry and honeymoon in Hawaii. She retains custody of Jane.
Unable to get his or Margaret's paintings into a fine art gallery, Walter convinces Enrico Banducci, the owner of a popular jazz club, to rent him some wall space to exhibit their work. He is frustrated when the designated space is in the back by the bathrooms. He fights with Banducci and puts the man's head through one of Margaret's canvases. This becomes a front-page story in a local newspaper, which packs the club with people curious to see the art that made grown men fight. Dick Nolan, a celebrity gossip columnist, wants to know more about the artwork but proceeds to ask about Margaret's paintings of young girls with big eyes. Walter goes along with the misunderstanding, failing to clarify that they are Margaret's creations. Afterward, he shows Margaret how much money he made selling her work and suggests they team up, with her staying at home painting and him taking credit and handling publicity and sales.
Walter opens his own gallery selling Margaret's art and eventually comes up with the idea of making cheap reproductions of Margaret's works, which sell in huge numbers. The family moves into a mansion. Walter spends his time hobnobbing with celebrities while Margaret is stuck at home, feeling increasingly isolated. He even makes Margaret lie to Jane about who is doing the paintings.
One day, she finds a crate full of paintings of Parisian street scenes, all signed "S. CENIC". She realizes that she has never actually seen Walter paint and discovers that he has been painting over the name of the original artist and claiming these paintings as his own. When confronted, he says he always wanted to be an artist but never had the talent.
Disillusioned, Margaret indicates that she is losing her interest in continuing the ruse, so Walter threatens to have her killed. Later, he tells her of his plan to get a painting displayed at the upcoming New York World's Fair and demands Margaret paint her "masterpiece". Jane sneaks into the studio when Margaret is working on the huge painting, "Tomorrow Forever", and says she already knew Margaret was really the artist.
At a party, Walter becomes angry after reading John Canaday's scathing review of "Tomorrow Forever", which leads the Fair not to exhibit the painting, and confronts the critic. At home, he drunkenly blames Margaret for the failure of the painting and becomes violent. Along with her daughter, she runs and locks them both in the studio in an attempt to stay away from harm. He then starts throwing lit matches through the studio's keyhole at her and Jane. As he continues to throw lit matches and nearly sets the house on fire, both Margaret and Jane manage to escape, take the car, and drive away from home.
One year later, Margaret and Jane have settled in Honolulu, Hawaii. Walter says he will only grant Margaret a divorce if she signs over the rights to every painting and produces 100 more. Initially, Margaret agrees, but her growing interest in the Jehovah's Witnesses convinces her of the importance of honesty. She finally signs a batch of paintings with her own name. Later, on a Hawaiian radio show, she reveals that she is the real artist behind the "big eyes" paintings, which makes national news. Nolan publishes Walter's claims that Margaret is delusional. On Jane's suggestion, Margaret sues both Walter and Nolan's newspaper for slander and libel.
At the trial, the judge immediately dismisses the libel suit against the newspaper, and Walter is left to defend himself against slander. He botches his defence, even mimicking in court what he has gathered from watching Perry Mason episodes on TV. When he proceeds to cross-examine himself as a witness, the judge becomes fed up and directs both Margaret and Walter to create a painting in court to prove who the real artist is. Whereas Margaret paints steadily, Walter stalls before claiming his arm hurts too much to hold a paintbrush. Margaret wins the lawsuit, and a fan asks her to sign a copy of Walter's coffee table book.
A textual epilogue reveals that Walter, despite continuing to insist that he was the true artist, never produced another painting and died penniless while Margaret remarried, moved back to San Francisco, and opened a new gallery.
Rating: 10 Stars
