Category Archives: LAMA Current Events

LAMA Current Events

LAMA BLOG HAS MOVED

The LAMA Blog has moved to

www.lamodern.com/blog

All updates on auctions, stories on select pieces, and the scoop on L.A. art events will continue to be published at lamodern.com/blog.

Advertisements

LACMA 1, LAMA 5

LAMA’s rocks arrived one day earlier than LACMA’s rock.

While theirs only had to travel from Riverside, ours came all the way from France, and still got here a day earlier.  Oh, and ours light up.

To see the LAMA Rocks, come to the preview, which starts on April 25th.

For the past week we have been busy photographing paintings, prints, sculptures, design, lighting, and decorative objects for the upcoming May 6, 2012 Modern Art & Design Auction.


Group of five lighted rocks in the May 6, 2012 Modern Art & Design Auction

Soon we will be working rigorously on the May 6th Auction catalogue. You won’t want to miss this auction. Pre-order your catalogue here.

LAMA Fine Art Storage

Need a safe, reliable place to store your valuables?

Los Angeles Modern Auctions now offers fine art and design storage from a single piece to a personal collection.

To inquire about having your collectibles placed in LAMA’s climate controlled, secure storage facility, please email or call Shannon Loughrey at shannon@lamodern.com or 323-904-1950.

May 6, 2012 Modern Art & Design Auction

Save the date for the upcoming May 6, 2012 Modern Art & Design Auction!

This auction will include
Modern Fine Art by top-tier 20th
century artists such as:

Andy Warhol
David Hockney
Tom Wesselmann
Robert Rauschenberg
Diane Arbus
Ed Ruscha
Saul Steinberg
Karel Appel
William Wegman
Louise Nevelson
Claes Oldenburg
John Baldessari 

As Los Angeles’ premier auction house for both Modern Art and Design, this auction will also feature a selection of iconic works by California artists, designers, and craftspeople. Due to the attention generated by Pacific Standard Time, important works by California artists have recently surfaced on the market. California highlights include a R.M. Schindler custom desk designed for the Armon House from 1946, a pair of Greta Grossman “Cobra” lamps, and a Richard Neutra prototype table lamp from the family’s collection for sale for the first time.

Peter Loughrey, Director of LAMA:
“People are looking for alternative investments.  At LAMA we offer the satisfaction of owning a beautiful piece of art or design with the investment potential as added value. A buyer of any means will find fresh, original material by important modern and contemporary artists at our auctions.”

The May 6, 2012 Modern Art & Design Auction will be held at the LAMA showroom: 16145 Hart St. Van Nuys, CA 91406 and will start at 12 p.m. (PST).
Auction Preview: April 28th – May 5th; open daily 10 a.m. – 6 p.m.

Consignments currently accepted through February 17, 2012

David Hockney
John St. Clair Swimming
1972
 c-type print from edition of 80
Estimate $2,500 – 3,500
 To be offered in May 6, 2012 Modern Art & Design Auction

Now Accepting Consignments – Spring 2012

LAMA is now accepting 20th century Modern Fine Art and Design, including paintings, prints, photography, lighting, ceramics, decorative arts, and sculpture for the Spring 2012 Modern Art & Design Auction.

To submit your materials for consideration, please email Peter Loughrey with images and/or descriptions of the items you wish to consign.

LAMA Sales Reach New High in 2011

Los Angeles Modern Auctions (LAMA) reached $8.5 million in sales for 2011, nearly doubling the previous record of $4.5 million set in 2008.  This year LAMA achieved new auction records for works by Reg Butler, Ettore Sottsass, De Wain Valentine, Roland Reiss, Robert Rauschenberg, and Isamu Noguchi, as well as set a new company record for highest price reached at auction. LAMA has increasingly become the preferred auction house on the West Coast for Modern Art and Design.

In 2011 LAMA set new auction records for:

  • Reg Butler’s The Unknown Political Prisoner Maquette (Lot 92 est. $20,000 – 30,000), which soared to realize $125,000, establishing a new auction record for the artist

    • Isamu Noguchi’s Chess Table (Lot 280 est. $30,000 – 40,000), which established a new auction record for this design, realized $187,500, nearly five times its high estimate

  • Robert Rauschenberg’s Sling Shots Lit #6 (Lot 60 est. $30,000 – 50,000) realized $68,750, the highest price ever achieved for any work in this series by the artist 
  • The custom designed Ettore Sottsass Impressive Entry Table from the Estate of Max Palevsky (Lot 55 est. $10,000 – 15,000) set a new auction record for the artist realizing $75,000 
  • De Wain Valentine’s Circle (Lot 220 est. $3,000 – 5,000) set a new auction record for the artist bringing $32,500 
  • Roland Reiss’ The Dancing Lessons: The Reconciliation of Yes and No (Lot 78 est. $4,000 – 6,000) set a new auction record for the artist bringing $15,000 

John Baldessari’s 8th and D, National City, offered in the October 9, 2011 Auction of The Collection of Richard Dorso, set a new company record for highest price reached at a LAMA auction, totaling $293,750.  Attracting top buyers enabled LAMA to reach a new company record, beating the previous record set in 2007 by Judy Chicago’s Carhood, which brought $288,000.

This year LAMA increased its standard two auctions to four due to the abundance of fresh, original material available on the market.  Major estates, including that of computer billionaire Max Palevsky, local TV-producer Richard Dorso, a prominent West Coast collection, and James Byrnes, the first curator of Modern Art at LACMA, anchored the four auctions. The micro-climate LAMA has created – getting both top consignments and top prices – is evidence of a phenomenon that through specialized marketing LAMA has reached a global marketplace.

Peter Loughrey, Director of LAMA:
“Buyers and sellers have been making LAMA a growing success since I founded the company in 1992. As we enter our 20th year, I believe we will continue to prove you don’t have to send your art and design to New York to get the best price.”

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

LAMA, Los Angeles’ premier Modern Art auction house, is the leading auction house dedicated to selling 20th century Modern Art and Design. Auctions are held at the LAMA showroom: 16145 Hart St. Van Nuys, CA 91406. The upcoming Modern Art & Design auction is scheduled for spring 2012. October 2012 will mark LAMA’s 20th Anniversary.

LAMA Realizes Highest Grossing Auction to Date

LAMA is happy to announce that our December 11, 2011 Important Modern Art & Design auction set new records for the company. Not only did we have our highest grossing sale at $2.88 million, LAMA also had the highest registered attendance in our history. In addition, LAMA set auction records for:

Isamu Noguchi’s Chess Table (Lot 280) was estimated at $30,000 – 50,000 and went on to realize $187,500–nearly five times its high estimate.

Robert Rauschenberg’s Sling Shots Lit #6 (Lot 60 est. $30,000 – 50,000) realized $68,750, the highest price ever achieved for any work in this series by the artist. As a bonus, since the work was sold to a local collector, it will remain in Los Angeles.

With so much quality material on the market, LAMA was able to curate a particularly outstanding collection of works by the iconic modern artists and designers for whom LAMA is best known, which in turn yielded these auction highlights:

  • John Chamberlain Untitled, 1962 (Lot 194 est. $150,000-200,000) brought $275,000
  • Gertrud & Otto Natzler Monumental Vase (Lot 257 est. $100,000 – 150,000) fetched $93,750
  • Dale Chihuly Gilded Opal and Deep Garnet Chandelier (Lot 120 est. $40,000 – 60,000) brought $84,375
  • A rare Jean Prouve “Antony” chair (Lot 111 est. $15,000 – 20,000) exceeded the estimate and brought $47,500
  • Charles & Ray Eames Custom dowel leg coffee table (Lot 268 est. $20,000 – 30,000) realized $32,500
  • Pablo Picasso Little Bust of Woman (Lot 112 est. $18,000 – 25,000) totaled $28,750
  • Tim Hawkinson Untitled (Double Flags) (Lot 201 est. $6,000 – 8,000) realized $25,000

Works by local artists such as Ed Ruscha, John Baldessari, and Julius Shulman also found strong prices, most of which exceeded their pre-sale estimates:

  • Ed Ruscha’s Carp with Fly (Lot 164 est. $9,000 – 12,000), which realized $15,000
  • John Baldessari’s Stonehenge (Lot 65 est. 6,000 – 8,000) went above estimate bringing $12,500
  • Julius Shulman’s Case Study House #22, (Lot 133 est. $3,000 – 5,000), saw fierce competition and brought $11,875.

Museum quality pieces have enabled LAMA to expand from its traditional base of individual buyers. We are now able to attract interest from institutions and public collections as well, creating strong competition for stellar examples of design, including:

  • Herbert von Thaden Highback chair (Lot 285 est. $5,000 – 7,000) realized $15,000
  • The “Partio” from the estate of Dwight D. Eisenhower (Lot 351 est. $5,000 – 7,000) reached $20,000
  • La Gardo Tackett pair of planters (Lot 137 est. $3,000 – 5,000) went beyond estimate bringing $14,375
  • Gaetano Pesce Sansone I table (Lot 237 est. $30,000 – 50,000) brought $37,500
  • Shiro Kuramata Glass armchair (Lot 248 est. $30,000 – 50,000) fetched $37,500

You too can be part of the LAMA auction experience. Contact Shannon Loughrey, shannon@lamodern.com, for a free, confidential market evaluation of your works to be included in the upcoming spring 2012 auction.