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WESTLAKE VILLAGE, Calif. – On Wednesday, September 13, bidding closes on 284 lots described as the last remaining stock of Ace Gallery. The once-influential Los Angeles contemporary art dealership was founded by dealer Douglas Chrismas in the 1960s but closed in 2013 when he filed for bankruptcy. Proceeds from the auction, conducted by liquidators ThreeSixty Asset Advisors (360Bid), will be distributed among the Ace Gallery creditors. The sale, described as “the final works in the Ace collection and the end of an era,” is being held via LiveAuctioneers.

Ace Gallery, an important commercial space in the careers of Postmodernists such as Carl Andre and Donald Judd, has since became mired in scandal. By 2016, Chrismas was the subject of more than 50 lawsuits, and in May 2022, a judgment by the California Central District Court ordered him to repay $14.2 million to creditors. ThreeSixty Asset Advisors is keen to point out it is not an auction gallery but a liquidator retained pursuant to the Chapter 11 bankruptcy plan. A disclaimer further notes also that some lots are subject to third-party-ownership claims, meaning that they could be removed from the sale should someone provide proof they hold title. However, as the claim date of August 31 has now passed, the sale of these lots will progress.

As a bankruptcy sale, the liquidator says starting bids have been set low to ensure all works are sold. The inventory includes minor works by blue-chip artists such as Robert Rauschenberg and Claes Oldenburg plus some 72 lots from the career of Los Angeles artist Tim Hawkinson.

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‘Happy Birthday Doug,’ a 2003 oil and acrylic on canvas by John Millei, estimated at $900-$3,600 at 360Bid.
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‘Sik Duck,’ a 2011 mixed media on panel by the Date Farmers, estimated at $1,300-$5,000 at 360Bid.
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‘Snowflake Crime XIX,’ a 1981 acrylic on lithograph by Robert Rauschenberg, estimated at $600-$2,300 at 360Bid.
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‘Wedding Cake,’ a 1966 plaster model by Claes Oldenburg, estimated at $300-$1,000 at 360Bid.
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Eyeball Globe Dress designed by Tim Hawkinson for the Issey Miyake Guest Artist Series No. 3, estimated at $2,300-$9,000 at 360Bid.
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