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Arts and Entertainment Thinks Arnold Schwarzenegger's Penis is Worth $150,000

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Earlier this week, news broke that one lucky individual discovered a naked picture of Arnold Schwarzenegger in the storage locker of the late Bob Guccione. The photo reportedly showed California's former governor engaging in a sex act.

Now, TMZ reports that a popular adult site -- -- wants to buy the photo, and their starting bid is $150,000.

In a letter addressed to Jeremy Frommer, the financier who bought the storage locker, allegedly got very specific about why they would like to acquire the photo, writing:

"Let's face it. The real value here is in Schwarzenegger's 'Schwanz.'"
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Employees at allegedly haven't even seen the photo yet.

This isn't Schwarzenegger's first foray into scandal. In 2011 it was revealed that he fathered a child with his then-housekeeper while his wife was pregnant. In 2006, he caused an uproar when he described Latinos' and African-Americans' personalities as "hot" because of their "black blood" and "Latino blood." And in 2003, a stuntwoman he once worked with accused him of sexual harassment.

Frommer, for his part, is the CEO of JAJ Holding's LLC, a rental property management company based in Chicago. It's not clear whether he's considering's offer or not.