The Wall Street Journal reminds us once again of the connection between art and real estate. In this case, it is the staging of a $48m LA spec house with incidental art:
The just-finished home has six bedrooms, seven full bathrooms and three half baths. The guest house is connected to the home by an 850-square-foot art gallery filled with pieces by Andy Warhol and Damien Hirst, among others. About 28 artworks on display in the home are available for purchase, but not included in the sales price. The most expensive piece, the Pablo Picasso sketch “Fumeur à la Cigarette Rouge,” is asking $110,000.
