Press Releases

Sam Francis, A Private Collection

September 19, 2016

Los Angeles Modern Auctions (LAMA)

Los Angeles Modern Auctions (LAMA) is pleased to announce an important collection of five works by leading abstract painter Sam Francis, which will go to auction on October 9, 2016. These remarkable works on paper belonged to one of the artist’s closest confidants. With an outstanding provenance and exhibition history, this is an extraordinary opportunity to collect some of Francis’s best pieces.

February 21 Auction Recap: A LAMA Company Record!

February 24, 2016

February 21, 2016 Auction, Peter Loughrey & Richard Prince

On Sunday, LAMA set a new company record, selling a single work for the highest price in the company’s 23-year history; Richard Prince’s Bedtime Story (1988) from the seminal Monochromatic Jokes paintings series realized $1.585 million. LAMA additionally set world auction records for artists and designers Mary Corse, Fred Eversley, John Lautner, James Gill, Steve Roden, and Joe Brainard. LAMA realized $5 million in total auction sales on February 21, selling 116% of the 419 lots by value. “Record-setting prices have convinced some important collectors to act locally instead of sending works to New York, which used to be the norm,” stated Peter Loughrey, Director of Modern Design & Fine Art. “The Richard Prince sale underscores our growing strength in the field of contemporary art and demonstrates LAMA’s ability to offer West Coast collectors expanded opportunities to buy and sell.”

May 17 Auction Recap: Three World Records!

May 20, 2015

Lot 167 Alexander Calder Quatre Blancs 1976

The house was buzzing at the May 17 auction when Los Angeles Modern Auctions (LAMA) realized prices identical to New York auction house results for similar works by Alexander Calder, Andy Warhol, and Pablo Picasso. The top lot was an impressive standing mobile by Alexander Calder that brought $826,250. Additionally, LAMA broke three world auction records for California artists (previously set by LAMA), proving it is the maker of markets as made evident with total auction sales for Sunday’s auction realizing $3 million, selling 119% of the 310 lots by value.

“We are continuing to show the marketplace that sellers no longer have to ship their modern art to New York to get the highest price,” states Peter Loughrey, director of LAMA. “Whether it’s $1,000 or $1,000,000, sellers can get the same price in Los Angeles.”

LAMA: Maker of Markets! March 1 Auction Recap

March 4, 2015

At the March 1 Auction, LAMA set new world records for works by De Wain Valentine, Frederick Hammersley, Mary Corse, and Peter Alexander. LAMA remains at the forefront of the Modern and Contemporary Fine Art and Design auction market as made evident with total auction sales realizing $4.1 million, selling 142% of the 445 lots by value.The crowd was alive and bidding Sunday at Los Angeles Modern Auctions’ March 1, 2015 Modern Art & Design Auction. The house buzzed as visitors wandered amongst the lots, visited the Artsy computer kiosks, all while placing bids and watching the live action. At a frenzied pace bidders participated on the phone, or bid online, or raised their paddles in person.

Top Lots of 2014: A Year of Record Auction Prices

November 4, 2014

Los Angeles Modern Auctions (LAMA)

This year was once again a period of new records and strong prices for Los Angeles Modern Auctions: in 2014, LAMA’s yearly sale total increased by 58.8% from 2013. The year got off to an exuberant start with the sale of an exemplary crocheted wire sculpture from important American sculptor Ruth Asawa—which soared nearly 5 times over its estimate to $1.43 million, effectively tying the world auction record for any work by the artist. Los Angeles artists Mike Kelley and Ed Ruscha both set world auction records for works on paper and prints, respectively. In design highlights, Maria Pergay’s iconic stainless steel Flying Carpet daybed set a new world auction record for that model. Other top lots include works by Vija Celmins, John McLaughlin, Alberto Giacometti, Sam Maloof, and George Nakashima. We are excited to continue the journey as we are now accepting material for 2015!

I Like Happy Art

August 17, 2011

Save the date for the upcoming October 9, 2011 one-owner auction of The Collection of Richard Dorso.  Photography © Grant Mudford. Born in San Francisco in 1909, Richard Dorso bought his first piece of art when he was 21 years old.  A participant and witness of the explosion of the post World War II Los […]

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