Tag Archives: Auction Results

Record Breaking Sale – The Collection of Richard Dorso

Yesterday the October 9th auction of The Collection of Richard Dorso had records, bargains, and everything in between.


The sale totaled nearly $1.54 million, more than doubling the pre-sale estimate of $657,000, with 100% of the 417 lots sold.  LAMA set new auction records for De Wain Valentine and Roland Reiss, both of whom are currently featured in Pacific Standard Time exhibitions.  And since this was a no reserve auction, smart buyers went home happy with treasures from every price category.   Works with attractive estimates sold particularly well, encouraging buyers to join the bidding.

The top lot of the sale was the iconic John Baldessari 8th and D, National City, estimated at $80,000 – 120,000. After furious bidding it climbed to a staggering $293,750.  

But that is not all. Other works that far exceeded pre-auction estimates were the John Baldessari Sleep While You Grow Rich, which was estimated at $80,000 – 120,000, and realized $187,500; also Richard Tuttle’s Untitled from Letters (the Twenty-Six Series) estimated at $15,000 – 20,000, realized $59,375. In addition, two Bob Thompson paintings, were the sleeper hits of the show–each estimated at $4,000 – 6,000, together totaled $75,000.

RECORD BREAKERS

  • De Wain Valentine Circle (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 (est. $4,000 – 6,000) set a new auction record for the artist, bringing $15,000

Surprises

  • The Kees van Dongen Le Coquelicot, estimated at $600 – 900 sold for a whopping $13,750
  • The Adolf Gottlieb Hieroglyph, from a very small edition of 15, estimated at $600 – 900, brought $9,375
  • Jon Friel Untitled pop-art gem estimated at $500 – 700, achieved  $4,687.50
  • Gifford Myer’s text-based conceptual piece Do Not Touch Works of Art estimated at $500 – 700, fetched $4,687.50

Fresh, original works with strong provenance and low estimates brought a global audience, resulting in record-breaking attendance in the room, on the phones and on the Internet.  Buyers were drawn to this collection, even in this economy, proving freshness leads to desirability.

 Peter Loughrey, Director:

“The records set by the Dorso Collection show us the beauty of how auctions work today. Small companies now have the ability to reach top collectors in many specialty fields. This proves you don’t have to sell Modern Art in New York to obtain the top price.”

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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.”