Los Angeles Modern Auctions (LAMA) is delighted by the success of the October 9 Modern Art & Design Auction. The auction was defined by a number of outstanding moments. With an estimate of $150,000 – 200,000, Lot 137 Ed Ruscha’s “Canyon Heights Becomes Laurel Canyon” far exceeded expectations, selling for $468,750. Most significantly, perhaps, LAMA set a new world auction record for a work by Bay area artist Jay DeFeo. Lot 227 Apex, an oil painting made in 1987, was estimated at $80,000-120,000 and went on to realize a phenomenal $281,250 on the day. Total auction sales for the Modern Art & Design Auction totaled $3.9 million, selling 94% of the 431 lots by value.