Insurance Company's Art Selloff Nets $1.5m
"A controversial auction of art owned by Golden State Mutual Life Insurance Co. in South Los Angeles set record prices at Swann Auction Galleries in New York... The auction Thursday had infuriated local art historians who wanted the collection to remain in Southern California... Of the 94 paintings, sculptures, prints and drawings on offer, 88 were sold for a total of $1,541,470." Los Angeles Times 10/06/07

Posted October 7, 2007 07:13 AM