LAMA BLOG

Estate-Driven Works by California Artists Bring Global Attention

October 15, 2013

For Immediate Release

October 15, 2013

LOS ANGELES, CA – Now is a great time to sell California art. Los Angeles Modern Auctions (LAMA) offered 562 lots of fine art and design in Sunday’s Modern Art & Design Auction, attaining strong prices for drawings, prints, and paintings by California heavyweights – Baldessari, Diebenkorn, Hockney, Ruscha, Foulkes, Goode, and Moses. A record-breaking number of bidders on the phones, absentee, in-person, and on the internet, drove prices for local, national, and international works above estimates, selling 110% by value. With total sales reaching $3.3 million, LAMA remains at the forefront of niche auction houses, firmly establishing its position as an international marketplace for Modern Art & Design.

“Works by California artists are bringing global attention,” says Peter Loughrey, Director of LAMA. “These works are becoming increasingly more appealing to a worldwide market. The interest began a few years ago on an institutional level and is now trickling down to collectors. Since works by California artists were shown at the Pompidou, Moderna Museet, and the National Art Center in Tokyo, the number of buyers in Europe and Asia has exploded.”

Additionally, prints by blue-chip artists – Warhol, Picasso, Lichtenstein, Kelly – oared above estimate. A selection of 16 Picasso prints from the Vollard Suite, coming directly from the Estate of Ruth & Dalzell Hatfield, together totaled nearly $160,000. Two Warhol prints from the Quadrant series (Lot 180 est. $70,000 – 90,000, Lot 181 est. $50,000 – 70,000), brought $176,250, and Roy Lichtenstein’s Moonscape (Lot 187 est. $20,000 – 30,000) realized $46,875.

Design highlights include a rare Jacques Le Chevallier table lamp (Lot 382 est. $15,000 – 20,000) that far exceeded pre-sale estimates, bringing $62,500; a pair of Billy Haines Brentwood lounge chairs (Lot 142 est. $15,000 – 20,000) fetched $40,625; and a monumental wall relief by Rut Bryk (Lot 494 est. $10,000 – 15,000) realized $28,125, one of the highest prices achieved for the designer. Additionally, LAMA continues to achieve exceptional prices for lighting, which includes a George Washington Maher Hanging lamp (Lot 117 est. $30,000 – 50,000) that realized $37,500 and a pair of Serge Moullie Trepied lamps (Lot 404 est. $15,000 – 20,000) that brought $22,500.

TOP LOTS:

  •  Andy Warhol, $ (Quadrant) and $ (Quadrant), (Lot 180 est. $70,000 – 90,000, Lot 181 est. $50,000 – 70,000), together brought $176,250
  • Joe Goode, Untitled (from Vandalism series) (1975) (Lot 271 est. $10,000 – 15,000), realized $67,500
  • Jacques Le Chevallier, Rare table lamp (c. 1928) (Lot 382 est. $15,000 – 20,000) achieved $62,500
  • Llyn Foulkes, The Flag (1962) (Lot 463 est. $20,000 – 30,000) totaled $46,875
  • Roy Lichtenstein, Moonscape (1985) (Lot 187 est. $20,000 – 30,000)
    fetched $46,875
  • Karl Benjamin, TG #34 (1961) (Lot 19 est. $30,000 – 50,000) realized $46,875
  • William “Billy” Haines, Brentwood lounge chairs (1936) (Lot 142 est. $15,000 – 20,000) brought $40,625
  • Ueli Berger, Non Stop Sofa (designed 1972) (Lot 234 est. $18,000 – 25,000) realized $40,000
  • George Washington Maher, Hanging lamp (executed 1907) (Lot 117 est. $30,000 – 50,000) brought $37,500
  • Frederick Hammersley, Pairable #6 (1976-77) (Lot 16 est. $10,000 – 15,000) realized $35,000
  • Sheila Hicks, Cord Structure (1977) (Lot 452 est. $10,000 – 15,000) achieved $33,750
  • Alfredo Ramos Martínez, Flores Tropicales (c. 1930) (Lot 344 est. $7,000 – 9,000) exceeded pre-sale estimate and realized $31,250
  • Richard Pettibone, Untitled (Two Trains) (1964) (Lot 24 est. $10,000 – 15,000) realized $28,125

 

Source for auction record data www.artnet.com // Prices Realized include 25% buyer’s premium. Images available by request.
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Los Angeles Modern Auctions (LAMA), the fastest growing auction house in the modern and contemporary art world, is the leading auction house dedicated to selling 20th century Modern Fine Art and Design. Auctions are held at the LAMA showroom: 16145 Hart St., Van Nuys, CA 91406. LAMA’s next auction of Modern Art & Design is scheduled for February 2014.

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