YOU ARE HERE: LAT HomeCollectionsAuctions


November 8, 2007 | From the Associated Press
A Henri Matisse painting was auctioned at Christie's for $33.6 million, a record for the artist. The 1937 oil-on-canvas work "L'Odalisque, Harmonie Bleue," which features one of the artist's favorite models lounging behind a table with a bouquet, was purchased Tuesday night by an unidentified buyer, the auction house announced. The previous auction record for a Matisse painting was $22 million for "Danseuse dans le fauteuil, sol en damier," a 1942 work, at Sotheby's in June.
February 4, 2003 | Suzanne Muchnic
In a final move to divest himself of his troubled art auction business, French billionaire Bernard Arnault has sold his remaining 27.5% interest in Phillips, de Pury & Luxembourg to the auction house's chief executive officers, Simon de Pury and Daniella Luxembourg.
November 3, 1999 | (Bloomberg News)
A California man who collected $36,000 from bidders over EBay Inc.'s Internet auction site then failed to deliver promised goods was sentenced to 14 months in prison, federal authorities said. Robert J. Guest, who pleaded guilty to fraud in July, was also ordered to pay more than $101,000 in restitution, $36,193 of which will go to 31 EBay users, said Thom Mrozek, a spokesman for the U.S. attorney's office in Los Angeles. Monday's sentencing of Guest, 31, of Blue Jay, Calif.
December 20, 2007 | From Times Wire Services
The Federal Reserve's special auction aimed at thawing frozen credit markets drew an enthusiastic response, results released Wednesday showed, as banks sought more than three times the $20 billion in cash offered. The auction, held Monday, drew 93 bidders that submitted offers to borrow $61.6 billion. An interest rate of 4.65% resulted.
April 19, 2003 | From Reuters
A controversial auction of Surrealist artworks collected by poet Andre Breton has smashed pre-sale estimates to bring in $50 million. Auctioneers CalmelsCohen had predicted its 10-day sale of 5,500 objects would fetch $32.6 million. But it said Friday that the sale of paintings alone -- including works by Magritte and Miro -- tallied $28.3 million. Protesters had let off stink bombs and fired insults at collectors they accused of picking over the poet's bones.
April 9, 1999 | From Times Wire Reports
The June 2 auction in New York of a 56-pound gold nugget found in Australia is in doubt because the metal may have been taken out of the country illegally. The anonymous owner of the nugget did not apply for an export license to send it to New York, where it is scheduled to be auctioned by Sotheby's, said an Australian government spokeswoman. Sotheby's said the planned reserve price for the nugget was between $250,000 and $300,000.
April 24, 2007 | Suzanne Muchnic
Artworks consigned to auction are on public view this week at Sotheby's and Christie's Beverly Hills showrooms. Today through Thursday, Sotheby's will show a rare collection of 14 watercolors by British artist J.M.W. Turner, amassed over 20 years by Belgian collection Guy Ullens. The collection, valued at up to $29.5 million, will go on the block July 4 in New York.
January 19, 1993 | JACK SEARLES
Ponderosa Center, a Camarillo shopping center that includes a Vons market and a Crown Books store, is scheduled to be auctioned in a trustee's sale Friday. The center's operator owes $11.3 million on the property and is in default, according to Theresa Drake, a foreclosure official at Chicago Title Co., which will conduct the sale. The 40-space center was originally scheduled to be sold Jan. 8 at Chicago Title's Ventura office, but that sale was postponed.
February 22, 2005 | From Associated Press
Lionel Hampton's vibraphone and Dizzy Gillespie's trumpet were among a treasure trove of 450 pieces of jazz memorabilia auctioned Sunday to raise money for jazz charities. Hampton's engraved 1930s King George instrument sold for $50,000, said Kim Anello, a spokeswoman for the Guernsey's auction house, which conducted the sale in New York. Gillespie's custom-made Martin trumpet fetched $26,000.
November 24, 1992 | JACK SEARLES
More than 100 potential buyers have inquired about Belwood Center, a Simi Valley neighborhood shopping center that will be among the properties offered for sale by the Federal Deposit Insurance Corp. in a nationwide auction next Tuesday and Wednesday. The 80,000-square-foot center houses an Alpha Beta market and a Sav-On Express drugstore, but has a vacancy rate of 41%, said the lead broker on the property, Craig Lane of the Sherman Oaks office of Grubb & Ellis Co.
Los Angeles Times Articles