June 26, 2011 Modern Art & Design Auction Results

Another Successful Sale!

Yesterday, LAMA furthered its reputation as the auction house of choice for important 20th century works.  Never before have we seen assembled in one room original works by Calder, Rauschenberg, Botello, Anuszkiewicz and Appel. Visitors were greeted at the door by Avery’s Pot Vendor and Chann’s Clusters of Memories, and as they walked inside, they were treated to a gallery that rivaled any modern museum exhibit in the country.

LAMA has become a resource for original works from their original owners. Bidders were privy to an abundance of fresh estate material unseen on the market since their first unveiling. This unique opportunity attracted a global audience–art enthusiasts from cities as far away as London, Paris, Sydney, Seoul and Singapore engaged in spirited competition for their favorite items. Over 200 people came in person and thousands of people followed the auction online.

Original paintings and sculpture by top-tier artists helped the auction achieve a sell rate of 70.2% by lot and 71.5% by value.  Top lots included the  Alexander Calder Butterfly and Spiral which went way over the estimate, bringing $75,000 as well as the Angel Botello Untitled (No. 1781) and Untitled (No. 1919) which combined totaled $90,000, along with the Richard Anuszkiewicz Gilt Order, which brought in $40,625.

In addition the original works LAMA continued its tradition of rare and important lithographs by Lichtenstein, Hockney and Warhol in addition to unique design and decorative objects.    The one-of-a kind Paul Laszlo Decorated Screen, which realized $32,500 was an attraction in its own right.  A very early and rare Eames child chair fetched $13,750, while the  Peter Muller-Munk hammered bowl, expertly wrought by hand, achieved $26,250.  Meanwhile the  Sam Maloof collection of early designs totaled $53,750,   George Nelson’s “CSS” Unit brought $15,000, and  Dieter Ram’s Stereo blew away everyone in the room by selling for an extraordinarily “groovy” $13,750.

By the end of the day, eyes full of wonder, bellies full of tasty Calbi tacos, LAMA’s attendees left happily with their treasures. 

 Peter Loughrey, Director:

“In a few short years, LAMA has transitioned from selling modern design to selling prints and multiples, and now to selling paintings by blue-chip artists.  Once again, our results prove that you do not have to send Modern Art to New York or London to get the top price.”

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