Posted on Hufingtonpost.com: January 19, 2011 04:08 PM
Back in 1970, Hyland Biological of Costa Mesa, California commissioned sculptor Claire Falkenstein (1908-97) to create a large-scale artwork that was installed outside the front of the building, paying her $20,000. The 18 foot-tall (five-foot wide and deep) metal and glass piece was titled "DNA Molecule," and it greeted visitors for the better part of four decades. A couple of mergers later, the pharmaceutical company (now called Valeant Pharmaceuticals) sold the work to a private collector in 2007 at an auction in San Francisco for $150,250, which exceeded the auction house's estimate of $60,000-80,000. Not a bad return on investment and a pleasant surprise for auctioneer Bonhams & Butterfields. M0re.
Back in 1970, Hyland Biological of Costa Mesa, California commissioned sculptor Claire Falkenstein (1908-97) to create a large-scale artwork that was installed outside the front of the building, paying her $20,000. The 18 foot-tall (five-foot wide and deep) metal and glass piece was titled "DNA Molecule," and it greeted visitors for the better part of four decades. A couple of mergers later, the pharmaceutical company (now called Valeant Pharmaceuticals) sold the work to a private collector in 2007 at an auction in San Francisco for $150,250, which exceeded the auction house's estimate of $60,000-80,000. Not a bad return on investment and a pleasant surprise for auctioneer Bonhams & Butterfields. M0re.
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