LAMA BLOG

LAMA Sets New World Auction Records by Hammersley, Ruscha, Twombly, and others.

February 27, 2018

Hammersley’s “Home run” among several new world auction records set at LAMA

Los Angeles Modern Auctions (LAMA) set a new world auction record for a painting by Frederick Hammersley on Sunday, February 25, 2018, after the artist’s 1967-68 oil on canvas, aptly named “Home run,” soared to sell for $200,000.

Los Angeles Modern Auctions (LAMA)

Frederick Hammersley, Home run, 1967-68
February 25, 2018 Modern Art & Design Auction | Realized: $200,000

The continued popularity of Hammersley and his peers from the California Hard Edge school of abstract painters reveals that the market appeal has broadened to an international following. The top three bidders on “Home run” were all from outside California. The new record is exactly double the previous world auction record of $100,000, which had been set in 2015 (also at LAMA). As interest in California painters continues to attract worldwide attention, LAMA is quickly becoming the center of attention for these artists.

Los Angeles Modern Auctions

Ed Ruscha, Cheese Mold Standard with Olive, 1969
February 25, 2018 Modern Art & Design Auction | Realized: $106,250

Other records set at the auction were for prints and multiples. “Cheese Mold Standard with Olive” by Ed Ruscha, a screenprint from a 1969 edition of 150 sold for $106,250, which beat the old record of $87,500 set at Doyle’s auction in New York only 10 months ago. Two other Ruscha works, the etching “Jumping Fish” and screenprint “Main Street” also sold for more than ever before at auction.

Los Angeles Modern Auctions (LAMA)

Cy Twombly, Note II, 1967
February 25, 2018 Modern Art & Design Auction | Realized: $112,500

The 1967 etching, “Note II,” by Cy Twombly brought a new auction record of $112,500, beating the previous high for the series of $81,250 at Christie’s in 2015.

Ad Reinhardt’s “Ten Screenprints by Ad Reinhardt,” a portfolio originally published by the Wadsworth Atheneum in 1966, set a new auction record of $23,750, besting the previous top price of $16,250 at Sotheby’s in 2014.

Roy Lichtenstein, American Indian Theme III, 1980
February 25, 2018 Modern Art & Design Auction | Realized: $22,500

Roy Lichtenstein’s 1980 woodcut “American Indian Theme III” took the top recorded spot of $22,500 from Christie’s 2016 price of $20,000 for another example from the same series.

The entire auction was 82% sold by lot and 135% by presale estimated value. The total amount sold was $2.7 million

Top Lots:


Source for auction record data: www.artnet.com and www.artprice.com // Prices Realized include 25% buyer’s premium on the first $500,000, then tiered after.


Lot Information:

Lot 169
Frederick Hammersley
Home run
#2, 1967-1968
Oil on linen
Signed and dated lower right; retains artist’s label verso
Linen: 41.75″ x 41.75″; Frame: 42.625″ x 42.75″
Provenance:  L.A. Louver Gallery, Los Angeles, California; Private Collection, London, United Kingdom (acquired directly from the above, 1981)
Estimate: $50,000 – 70,000
Realized: $200,000

Lot 46
Ed Ruscha
Cheese Mold Standard with Olive
1969
Published by the artist; printed by Jean Milant and Daniel Socha, Hollywood
13-color screenprint on wove paper
#109 of 150
Signed and dated with edition in graphite lower left margin of sheet beneath image; retains Brooke Alexander Gallery label frame verso
Image: 19.5″ x 36.75″; Sheet: 25.75″ x 40.125″; Frame: 29.875″ x 46.75″
Literature: Edward Ruscha: Editions, 1959-1999: Catalogue Raisonné. 1st ed. Vol. II. S. Engberg and C. Phillpot. 1999. #31.
Estimate: $50,000 – 70,000
Realized: $106,250

Lot 47
Ed Ruscha
Jumping Fish
1980
Published by Bernard Jacobson, Ltd., London; printed by Terry Wilson, Palm Tree Editions, London
Etching on R.K. Burt paper
#31 of 55
Signed and dated in pencil lower right margin; edition lower left; printer blind stamp lower right
Image: 10″ x 31.25″; Sheet: 19.25″ x 39.25″; Frame: 19.75″ x 39.5″; (Image: 25 x 80 cm)
Literature: Edward Ruscha: Editions 1959-1999: Catalogue Raisonné. 1st ed. Vol II. S. Engberg and C. Phillpot. 1999. #113.
Estimate: $3,000 – 5,000
Realized: $6,250

Lot 48
Ed Ruscha
Main Street (from Harvey Gantt Portfolio)
1990; published 1991
Published to benefit the campaign of Harvey Gantt; printed by Gemini G.E.L., Los Angeles
1-color screenprint on gray Rives BFK paper
#89 of 250
Signed and dated in pencil lower right margin of sheet beneath image; edition lower left; Gemini G.E.L. blind stamp lower right margin of sheet
Gemini G.E.L. #45.18
Image: 10″ x 31.25″; Sheet: 19.25″ x 39.25″; Frame: 19.75″ x 39.5″; (Image: 25 x 80 cm)
Literature: Edward Ruscha: Editions, 1959-1999: Catalogue Raisonné. 1st ed. Vol II. 1999. #60.
Estimate: $3,000 – 5,000
Realized: $4,375

Lot 125
Cy Twombly
Note II
1967
Published and printed by Universal Limited Art Editions, West Islip
Etching on Auvergne handmade paper
Unique trial proof aside from the edition of 14
Initialed in graphite lower right edge of sheet; edition lower left; retains ULAE blind stamp lower left
Together with copy of invoice from Margo Leavin Gallery dated April 25, 2000
Image: 8.75″ x 10.75″; Sheet: 25.5″ x 20″; Frame: 29″ x 24.125″
Provenance:  Margo Leavin Gallery, Los Angeles, California; Private Collection, Encino, California (acquired directly from the above, 2000)
Literature: Cy Twombly: The Printed Graphic Work, 1953-1984. H. Bastian. 1984. #7.
Estimate: $60,000 – 90,000
Realized: $112,500

Lot 154
Ad Reinhardt
Ten Screenprints by Ad Reinhardt
1966
Co-published by Wadsworth Atheneum, Hartford and Ives-Sillman, Inc., New Haven; printed by Sirocco Screenprints, New Haven
The complete portfolio of 10 color screenprints on heavy wove paper
#229 of 250
Estimate: $5,000 – 7,000
Realized: $23,750

Lot 202
Roy Lichtenstein
American Indian Theme III (from American Indian Theme Series)
1980
Published and printed by Tyler Graphics, Ltd., Bedford Village
5-color woodcut on handmade Suzuki paper
#27 of 50
Signed and dated with edition in graphite lower right margin beneath image; retains Tyler Graphics blind stamp lower right edge of sheet
Image: 26.375″ x 19″; Sheet: 34.875″ x 27″
Literature: The Prints of Roy Lichtenstein: A Catalogue Raisonné, 1948-1993. 1st ed. M. Corlett. 1994. #162.
Estimate: $10,000 – 15,000
Realized: $22,500

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