Photo of Arnold Schwarzenegger having sex discovered in storage locker

A photo of Arnold Schwarzenegger having sex was discovered in a storage locker owned by the late founder of Penthouse magazine, Bob Guccione.

TMZ reports that the picture shows a "young" Schwarzenegger performing a sex act, prompting many to wonder if this could be the start of another Hollywood sex scandal.

The photo has not been released yet, but the owner of the storage locker must feel like a "Storage Wars" hero, because the sex photo is not the only thing that was in the Guccione's storage space.

The New York Post reports that in addition to the racy picture of Arnold Schwarzenegger, the locker contained unpublished nude photos of Madonna and Lauren Hutton, and numerous X-rated items.

There were also some very personal files that detailed Guccione's decision to publish photos that cause Vanessa Williams to lose her Miss America crown.

CBS reports that the owner of the locker is Jeremy Frommer, former managing director of the Royal Bank of Canada.

There is no doubt that Frommer is going to get a good deal of cash if he decides to sell the Arnold Schwarzenegger sex photo. Perhaps enough to get Guccione out of bankruptcy if he were alive today.

Schwarzenegger's rep has not commented about the discovery of the sex photo.

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In true Gemini style, Cheryl Phillips loves writing about the ever changing world of celebrity gossip, top news stories, viral videos, trendy products, and other hot topics that are popular one minute and quickly forgotten when the next big story comes along.

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