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This one is a Jackson Pollock for about $140 million, according to the NYT. That would be the highest price ever known to have been paid for a painting. The buyer is believed to be Mexican financier David Martinez. Last month, Geffen sold a Jasper Johns and a Willem de Kooning for $143.5 million. None of this may have anything to do with his interest in buying the LAT, but you could be sure the speculation will be forthcoming.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Siri versus Hawaiian pidgin (video)Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.