Take Two for December 3, 2012

LA-based artists that collectors should look out for

GiveLove 2nd Annual Art Auction And Fundraiser For Haiti With Patricia Arquette & Rosetta Getty

Frazer Harrison/Getty Images

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.

Elliott Hundley

Flickr/beckcowles

Detail of an Elliott Hundley work at his show, "Agave of the Bacchae" at the MOMA in New York.

Beaufort 03, Art By The Sea

Mark Renders/Getty Images

A view of the sculpture called "untitled (red man)" by Thomas Houseago on April 11, 2009 in Blankenberge, Belgium. The art show Beaufort O3, organised every 3 years, shows the work of 30 international artists at the Belgian coast untill October 15, 2009.


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.


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