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The west coast operation of London-based auction house Phillips has a new home courtesy of Los Angeles’ Formation Association. Their West Hollywood design was unveiled recently and features a remodeled series of existing structures that includes three showrooms, a covered patio, and offices set... View full entry
Bacon’s Triptych 1986–7, which is scheduled to be sold with an estimate of £35 million to £55 million ($47.3 million to $74.3 million) on March 1 in the first of a series of high-stakes 20th- and 21st-century art auctions, is being sold by star architect Norman Foster, according to people familiar with the work. — Artnet News
The painting is one of 28 historical triptychs Bacon completed between 1944 and 1991. Past auctions have commanded prices as high as $84.6 million (£62.1 million) for similar works, including his masterpiece Three Studies of Lucian Freud, which caused a media sensation in 2013 after setting... View full entry
The grand openings of the Los Angeles branches of European galleries Sprüth Magers and Hauser & Wirth (called Hauser Wirth & Schimmel), on 23 February and 13 March respectively, are sure to generate even more buzz about the booming Los Angeles art scene [...]
Some of the buzz is well earned, especially when it comes to cheaper downtown real estate and the great artists working and teaching here. But there is another strong incentive behind so many galleries making the move...
— The Art Newspaper
According to the Art Newspaper, LA's new gallery boom reflects market competition to represent the disproportionately sizable population of impressive, well-established artists who, for a variety of reasons, lack gallery representation in their hometown. The article also notes that while opening... View full entry
