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CC - Item 6B - Direction On Painting By Guy Rose /-4; ' ° ROSEMEAD CITY COUNCIL FR,) STAFF REPORT -41411Sillho TO: THE HONORABLE MAYOR AND CITY COUNCIL FROM: BILL R. MANIS, CITY MANAGER,'V4,.." DATE: OCTOBER 24, 2017 SUBJECT: DIRECTION ON PAINTING BY GUY ROSE SUMMARY A painting by Guy Rose was recently re-discovered at City Hall. Guy Rose, a son of Rosemead founder L.J. Rose, was regarded as a very accomplished California impressionist artist. The painting was originally donated to the City by Markel Gallagher, the granddaughter of L.J. Rose, in February of 1980. In February of 2002,the City had the painting restored and attempted to sell it at auction by John Moran Auctioneers for minimum sale price of$35,000. The highest offer received at auction was $25,000, which did not meet the minimum sales price. After the unsuccessful sale, the City opted to hold onto the painting. DISCUSSION Staff is now seeking the City Council's direction on how to decide the painting's future. Staff foresees the following options: (1) Display the painting at City Hall or another City facility or(2) Put the painting back at auction or(3)Another option presented by the City Council. STAFF RECOMMENDATION Discuss and provide direction to staff. FISCAL IMPACT John Moran Auctioneers provided a presale auction estimate of $10,000 to $15,000, with a reserve of$7,000. They noted the collector demand for early still life paintings have decreased tremendously over the years. The auction house's commission fee is 10%, plus a $100 photography fee. STRATEGIC PLAN IMPACT -None ITEM NUMBER: & 8 City Council Meeting October 24,2017 Page 2 of 2 PUBLIC NOTICE PROCESS This item has been noticed through the regular agenda notification process. Prepared by: Marc Donohue, City Clerk Attachment: Painting by Guy Rose E M F A �7+i k;, ..: CIVIC PRIDE .11 q CORPORATE) 1959 Attachment Painting by Guy Rose Guy Rose Painting Att y as a E iwM SII