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Results Are In – West Coast Art Market Continues Upward

October 11, 2016

Los Angeles Modern Auctions (LAMA)

LOS ANGELES, CA – Los Angeles Modern Auctions (LAMA) answered questions regarding the health of the art market on Sunday with strong results from its October 9, 2016 Modern Art & Design Auction. The top lot in the auction was an iconic painting by Ed Ruscha—Crescent Heights Becomes Laurel Canyon (2000), estimated at $150,000-200,000—which soared three times over estimate to $468,750. LAMA set a new world auction record for Bay Area artist Jay DeFeo, selling her 1982 painting Apex for $281,250, and a rare 1955 painting by Southern California Hard Edge master John McLaughlin realized $250,000. LAMA’s total auction sales for the Modern Art & Design Auction realized $4.6 million, selling 113% of the 431 lots by value.

Abstraction Takes Center Stage at LAMA’s October Auction

August 16, 2016

LAMA-Helen-Frankenthaler-Jade

LOS ANGELES, CA – Los Angeles Modern Auctions (LAMA), the premier auction house on the West Coast to buy and sell Modern and Contemporary Art & Design, is pleased to announce an impressive selection of works for its October 9, 2016 Modern Art & Design Auction.

The curated auction will represent some of the most coveted examples of abstract artwork, including Helen Frankenthaler’s intimate 1976 acrylic painting, Jade, and Ad Reinhardt’s Abstract Painting, a significant 1958 work from the artist’s pivotal black series. In addition, Crescent Heights Becomes Laurel Canyon (2000), an acrylic on raw linen, and Eight Trembling Individuals (1977), a blackberry juice on paper, both by Ed Ruscha will hit the block, marking a milestone for the auction house.

The Artist’s Artist: Ad Reinhardt Black Painting Goes to Auction

June 29, 2016

LAMA-Ad-Reinhardt-Black-Painting-Abstract-Painting-October2016

LOS ANGELES, CA – Los Angeles Modern Auctions (LAMA) is pleased to announce Ad Reinhardt’s Abstract Painting (1958) will go to auction on October 9, 2016. This important painting is from a series of black paintings Reinhardt produced between the years of 1953 and 1967, deemed one of the most influential bodies of work in Modern art.

Paul Kasper Sculptures: Planes in Space

June 22, 2016

Paul Kasper Sculptures

LOS ANGELES – Los Angeles Modern Auctions (LAMA) is pleased to announce a two-day exhibition and buying opportunity in conjunction with its June 25–26, 2016 Warehouse Sale.

Paul Kasper Sculptures: Planes in Space is the first-ever exhibition of a nearly half century of work by Paul C. Kasper, prolific sculptor, landscape architect, photographer, art collector, and patron of the arts.

L.A. Auction House Posts Strong Prices for International Works

May 24, 2016

Lot 200, Sheila Hicks, Untitled, 1975

LOS ANGELES, CA – Los Angeles Modern Auctions (LAMA), champion of California modern and contemporary art and design, achieved top prices for works by local, national, and international artists and designers at auction on May 22, 2016. LAMA set world record prices for Sheila Hicks, a work on paper by Ken Price, and a painting by Jules Olitski from his late period, proving that geography is not a limitation for this boutique auction house, which continues to secure first-rate consignments. The top lot of the auction, a rare Isamu Noguchi Chess Table rose to $137,500, spurred by competitive floor and phone bidding. LAMA’s total auction sales for the Modern Art & Design Auction realized $2 million, selling 112% of the 326 lots by value.

LAMA Announces Date for Spring 2016 Auction

March 29, 2016

Isamu Noguchi Chess Table

LOS ANGELES, CA – Los Angeles Modern Auctions (LAMA), the premier auction house for modern art and design on the West Coast, has announced the date of its Spring auction, which will take place on Sunday, May 22, 2016 at 12pm (PT).

The $1.58 million ‘Joke’– Highest Price Achieved in LAMA’s History

February 23, 2016

Lot 189, Richard Prince, Bedtime Story (1988)

LOS ANGELES, CA – On Sunday, Los Angeles Modern Auctions (LAMA), the boutique auction house dedicated to modern and contemporary fine art and design, set a new company record, selling a single work for the highest price in the company’s 24-year history: Richard Prince’s Bedtime Story (1988) from the seminal Monochromatic Jokes paintings realized $1.585 million. LAMA additionally set world auction records for artists and designers Mary Corse, Fred Eversley, John Lautner, James Gill, and Joe Brainard. LAMA’s total auction sales for the February 21, 2016 Modern Art & Design auction realized $5.1 million, selling 116% of the 419 lots by value.

Frank Lloyd Wright’s Sturges Residence Goes to Auction to Benefit Foundation

January 5, 2016

LAMA-Frank-Lloyd-Wright-Sturges-February 2016

LOS ANGELES, CA – Los Angeles Modern Auctions (LAMA) is honored to announce that the George D. Sturges Residence, designed by Frank Lloyd Wright in 1939, will be auctioned in the upcoming February 21, 2016 Modern Art & Design Auction with a pre-sale estimate of $2,500,000–3,000,000

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