Prop 8 in the Culver (LA) art news....and:
Nov. 12 (Bloomberg) –– Eli Broad and fashion designer Valentino were among the collectors who converged on Sotheby's in New York last night to pick through big-name contemporary art at discount prices.``It's a half-price sale,'' said Broad, a 75-year-old billionaire who predicted for years that prices would fall. ``Things are a little more reasonable.'' Broad snagged Ed Ruscha's 1969 mustard-hued ``Desire'' for $2.4 million, 40 percent under the $4 million low estimate...
Broad gave paddle No. 434 a workout, buying a large orange Donald Judd aluminum and Plexiglas sculpture for $1.1 million and a small Robert Rauschenberg painting for $2.6 million. For the Broad Art Foundation, he bought Ruscha's ``Desire'' and a gaudy Jeff Koons sculpture for $2.2 million...
Christie's holds its contemporary auction tonight, featuring Lehman Brothers Holdings Inc. Chief Executive Officer Richard S. Fuld Jr.'s drawing collection, estimated to bring in about $20 million. Works by younger artists go under the hammer on Nov. 13 at Phillips de Pury & Co...
oil on canvas
60 H x 55 W (inches)
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