Top lots soar past estimates in Heritage`s Modern & Contemporary Art Auction
(Artdaily.org)

As the first major auction house in decades to host a Modern and Contemporary art auction in Los Angeles, Heritage Auctions beat the pre-sale estimate at its Modern & Contemporary Art Auction Nov. 30 in Beverly Hills, California with more than $2.3 million in sales. Bidders from around the world competed for the artwork in Beverly Hills pushing numerous lots well beyond their estimates. The sale set world records for artists Paul Jenkins and Ray Johnson. `This auction announced our new presence in the Los Angeles art community and also within the broader art market, allowing us to expand upon our base of Los Angeles-based experts in Modern & Contemporary Art, Jewelry, Timepieces, Asian Art, Rare & Ancient Coins and Fine Wine,` Heritage Auctions Modern & Contemporary Art Director Frank Hettig said. `Hosting this event has been one of our primary goals for some time, and the results met our loftiest expectations, as well as those of our cus