In the heart of the Fashion District lies perhaps one of the most innovative enclaves DTLA has to offer, Bid 27. Inspired by 27 Rue de Fleurus, Gertrude Stein’s famous art salon of the nineteen twenties, Bid27 serves as a single destination for discovering culturally progressive art while providing informative mentorship for artists and purchasing guidance for collectors. (The only other program to cater to the young collector so far is LACMA’s, Avant Garde.) Located at Think Tank Gallery, a 7,500 sq ft. space of a former fabric company founded by four members of The Brewery is now home to emerging artists, collectives and Bid27.
BID27 launched its inaugural auction last Thursday, April 17th, 2014, creating an innovative intimate way for collectors and artists to co-mingle, encourage the creative community and most importantly purchase pieces to adorn their homes. Bid27’s business model is tight with founder, Mark Schustrin at the helm. With his extensive background in Art History and Marketing, Schustrin is the only auctioneer in the California to hold both designations from National Auctioneers Association as Benefit Auction Specialist and Auction Technology Specialist. Mark has worked with a number of well-known galleries, including the Los Angeles County Museum of Art. Soon after Schustrin earned an opportunity to auction art around the world with an internationally renowned art auctioning company. After selling millions in art, conducting over 1000 auctions, and gaining top tier auctioneer standing, Mark began conducting charity auctions and succeeded in raising thousands for the Make-a-Wish foundation.
The event was beautifully as well as elegantly curated drawing in a high number of attendees who generously opened their hearts and wallets acquiring works of art by some of LA’s fledging visual artists.
Through collaboration with the artists directly, it gives the community access to obtain unique works at entry-level price points, sharing unparalleled one-on-one interaction and friendly consultation. Portions of the proceeds are carefully selected and given to a non-profit organization for each auction. 10% was donated to MCLA (Mural Conservancy of Los Angeles whose purpose is to restore, preserve, maintain, and document the murals of Los Angeles. MCLA works to protect the legal rights of artists and to prevent the loss of significant works of public art. Most importantly, they are committed to preserving the artistic heritage of Los Angeles as one of the mural capitals of the world. Notably, MCLA had a leading role in passing the mural ordinance that lifted the 2002 ban on murals.
The inaugural show featured artists were Caroline Geys, Jon Measures, Ugo Nonis, The Couto Brothers, Johnie Thornton, Melly Trochez, Seth Armstrong, Kristoferson San Pablo and more. To up the ante, Bid 27 went one step further breaking any pre-conceived notions by auctioning off an art performance piece featuring YOZMIT's Skywalker, who took the auspicious victors into “a teleportation of the expansion of self.” As visionaries in their own right, Bid 27 develops exhibitions surpassing expectations; break boundaries providing a fresh experience to their patrons.
“We are extremely pleased with the turnout of the event. I think people really connected with the concept of a fresh art auction platform that exists to uplift the local art community.“ – Mark Schustrin.
Mark your calendars for Bid27’s next event May 15th!
For more information on Bid27, Think Tank Gallery and MCLA please visit:
Think Tank Gallery
Mural Conservatory of Los Angeles