Sotheby’s Hosts Iovine & Young Center Benefit Auction

Sotheby’s, in collaboration with Dr. Dre and Jimmy Iovine, recently presented the Iovine and Young Center for High School Education Benefit Auction, an extraordinary evening blending art and music in support of advancing public education in Los Angeles.

The exclusive benefit auction, under the hosting prowess of renowned entertainer James Corden, provided potential buyers with an unparalleled experience during Frieze Los Angeles.

As the art world gathered to celebrate contemporary art, this event shined a spotlight on the vibrant culture that has positioned Los Angeles as a global arts hub.

Art for a Cause

Organised by Josh Abraham and David Kordansky, the auction boasted artworks generously donated by leading contemporary artists. These creations aim to raise vital funds for the Iovine and Young Center, championing ambitious public education initiatives spearheaded by Jimmy Iovine and Dr. Dre.

Empowering Education: Sotheby’s Hosts Iovine & Young Center Benefit Auction
Reggie Burrows Hodges, Community Concern, 2023
Acrylic And Pastel On Linen, 53 X 56 In. (134.62 X 142.24 Cm)
Est. $300,000 – $400,000

Notable participating artists and galleries included Reggie Burrows Hodges, Ann Craven, Noah Davis, Derek Fordjour, Sayre Gomez, Jennifer Guidi, and esteemed galleries like David Kordansky Gallery and Gagosian.

Empowering Education: Sotheby’s Hosts Iovine & Young Center Benefit Auction
Timbaland, James Corden, Jimmy Iovine, and Andra Day | Images: Getty Images for Jimmy Iovine

“The Sotheby’s team, David Kordansky, Josh Abraham and all the artists involved share an understanding that education unlocks creative potential. The auction will help us raise awareness and critical funds for the Iovine and Young Center within the artistic community and work towards our vision to scale the successful program we created at USC in 2013 beyond Los Angeles. The ambition is to provide multidisciplinary learning for public high school students everywhere in the areas where technology, design and business intersect, preparing them for life in the real world.” – Jimmy Iovine, Entrepreneur and Co-founder, Iovine Young Center

Derek Fordjour, Single Sculler Stride, 2024
Acrylic, Charcoal, Cardboard, And Oil Pastel On Newspaper Mounted On Canvas
Est. $200,000 – $300,000

Jacqueline Wachter, Sotheby’s Vice Chairman, Private Sales, Los Angeles, affirms, “Jimmy and I have a history of collaborating on art and music-related projects, so it was natural for us to conceptualize this event as a convergence of music and visual and fine arts to benefit the mission of the Iovine and Young Center. Coming together with David Kordansky was the perfect fit – once David got involved, he brought together his community of leading artists and tapped into Sotheby’s, which shares our mission.”

Josh Abraham, Co-CEO of Pulse Music Group, underscores the philanthropic spirit of the event, stating, “As a philanthropic effort, this is an instance where all the right people and ethos aligned, enabling us to raise significant monies for a worthy cause in the Iovine and Young Center.”

Education Redefined

The Iovine and Young Center Integrated Design, Technology, and Entrepreneurship Magnet, a part of the Los Angeles Unified School District, offers a cutting-edge curriculum that prioritises real-world, project-based learning. Students benefit from state-of-the-art technologies and collaborations with industry leaders, equipping them with essential 21st-century skills for future success.

Empowering Education: Sotheby’s Hosts Iovine & Young Center Benefit Auction
Jennifer Guidi, Into The Expanse Of The Sky, 2024
Sand, Acrylic, Oil, And Rocks On Linen

Est. $225,000 – $275,000

In conclusion, the Iovine and Young Center Benefit Auction stands as a testament to the power of art and music in driving meaningful change in education. Through the collective efforts of Sotheby’s, Dr. Dre, Jimmy Iovine, and the artistic community, this event serves as a beacon of hope for enhancing public education and nurturing the creative potential of students in Los Angeles and beyond.

Images: Sotheby’s

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