Fine art flourishes in Tinseltown

L.A. may be known for starlets and freeways, but lately art collectors are flocking to the city's galleries.

Sunset, captured
Artist Douglas Busch at home with his abstract ocean photographs
Sunset, captured
Busch made his name in the 1980s and '90s with his strikingly detailed black-and-white photographs of landscapes and city buildings. But in 2003, while spending the summer in a small house on the beach, Busch pointed his camera toward the ocean and captured blurred images of waves, sand and sky, washes of color that look more like Mark Rothko's paintings than Busch's earlier photographs.

Today Busch is just about done with his ocean photographs - he's returning to producing smaller black-and-white landscapes - but he says the series has introduced him to an entirely new group of clients. Prices run from $450 for 36 square inches to $25,000 for six feet square.

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.