Even while the state of California is in an economic tailspin, prices for art by California impressionists (dead ones) are soaring to new heights. A masterwork titled "Roses" by early 20th-century impressionist Franz Bischoff inspired heated bidding in Los Angeles on August 3. The 1912 oil on canvas was the top lot in Bonhams & Butterfields' sale of California and American Paintings and Sculpture which featured many fresh-to-the-market works, with several paintings reaching six-figures. "Roses" (est. $600,000-$800,000) garnered $798,000, the highest price ever paid for a Bischoff work at ...
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