More Auction News from LAMA

Los Angeles Modern Auctions’ (LAMA) single-owner auction of The Collection of Richard Dorso held on October 9, 2011 was one of the strongest sales in LAMA’s history and marks the highest results for Fine Art for the company.

In a press release from October 10, 2011, LAMA mentioned a Craig Kauffman oil painting on Masonite and claimed the sale price of $4,687.50 was “a new record for a painting” by the artist.  However, according to the Frank Lloyd Gallery, which represents the Kauffman Estate, the current world auction record of $146,500 was established on March 9, 2011 at Sotheby’s New York. The work, Untitled from 1967, is described by Sotheby’s as “acrylic lacquer on vacuum formed Plexiglas” and was erroneously assumed by LAMA to be a sculpture due to its three-dimensional nature and being listed as sculpture on Internet databases.  According to Frank Lloyd, Kauffman always considered these works, however unorthodox, to be paintings nonetheless. LAMA regrets the error.

In addition to the record-breaking results for original works by De Wain Valentine and Roland Reiss, LAMA is happy to announce that the Dorso Auction set more auction records for prints and multiples:

  • Roy Lichtenstein’s Sunrise sells for the highest price on record at auction, realizing $21,250. The work, a screen print from 1965, found extremely competitive bidding because of its excellent condition and strong provenance.
  • Ellsworth Kelly’s Green, a color lithograph from 1964-65, soared to a new auction high of $10,625, beating the previous result of $6,250.
  • Adolph Gottlieb’s Hieroglyph set a new auction record for any print by the artist, reaching $9,375. Another example from the edition of this extremely rare drypoint from 1944 was featured in the artist’s print retrospective Adolf Gottlieb: Early Prints from the Adolph and Esther Gottlieb Foundation at the Allen Memorial Art Museum, Oberlin College in 2006.

Source for auction record data http://www.artnet.com

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