LAMA BLOG

LAMA Realizes Highest Grossing Auction to Date

December 13, 2011

For Immediate Release
December 13, 2011

LOS ANGELES, CA – Los Angeles Modern Auctions (LAMA) set new records for art and design in the December 11, 2011 Important Modern Art & Design Auction. Total sales realized $2.88 million, a new company sales record, with 74% of the 505 lots sold.

Isamu Noguchi’s Chess Table (Lot 280 est. $30,000 – 40,000) soared to a new auction record, realizing $187,500, nearly five times its high estimate. Bidding was intense between floor and phone bidders, ultimately selling to a phone bidder, which led to a room full of applause.

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. This work was sold to a local collector and will be staying in Los Angeles.

TOP LOTS:

  • John Chamberlain Untitled, 1962
    (Lot 194 est. $150,000-200,000) brought $275,000
  • Isamu Noguchi Chess Table (Lot 280 est. $30,000 – 40,000)
    set a new auction record realizing $187,500
  • 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
  • Robert Rauschenberg Sling Shots Lit #6
    (Lot 60 est. $30,000 – 50,000) totaled $68,750
  • 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 that achieved strong prices locally included several pieces by Ed Ruscha, John Baldessari, and Julius Shulman, most of which exceeded their pre-sale estimates. Prints that exceeded pre-sale estimates included, 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; and Julius Shulman’s Case Study House #22, (Lot 133 est. $3,000 – 5,000), saw fierce competition and brought $11,875.

Institutions were drawn to the museum quality pieces, 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

 

Peter Loughrey, Director:
“Since 1992, LAMA has grown and expanded to include all aspects of Modern Art and Design. We are now the preferred auction house on the West Coast for Modernism. Once again, we are proving that you don’t have to send your art to New York to get the best price.”

Source for auction record data www.artnet.com
Prices Realized include 25% buyer’s premium. Images available upon request.

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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.  Upcoming LAMA auction will be in spring 2012.

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