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LA-based artists that collectors should look out for




Artist Sterling Ruby attends the GiveLove 2nd Annual Art Auction And Fundraiser For Haiti With Patricia Arquette & Rosetta Getty held at a private residence on September 28, 2012 in Beverly Hills, California.
Artist Sterling Ruby attends the GiveLove 2nd Annual Art Auction And Fundraiser For Haiti With Patricia Arquette & Rosetta Getty held at a private residence on September 28, 2012 in Beverly Hills, California.
Frazer Harrison/Getty Images

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Maybe the "economic" drama of the past several years took a toll on your 401k and now you're looking for an investment that will recoup all that you lost. How about putting some money down on a Basquiat, or a Jeff Koons?

The value of works by those artists has skyrocketed in the past several years into the tens-of-millions of dollars. This week at Art Basel, the big art fair in Miami Beach, collectors will be on the hunt for the next big contemporary artist who will pay off in the long term.

If you're thinking, hey, art sounds like a pretty good investment, you might do well to look at some L.A.-based artists. Joining us is reporter Kelly Crow, who covers the art market for the Wall Street Journal.