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.”
There are many things to say about the George D. Sturges Residence, and over the past few months—speaking with collectors, design lovers, and the media as we prepare for our February 21st sale—I’ve said a lot. But here I want to describe perhaps the most important aspect of the Sturges Residence: its atmosphere; the ambiance—what it is that gives the house its special sense of place. The feeling of being inside the Sturges Residence is a little hard to convey. It’s warm; it’s embracing. Inside the dark, wood-paneled rooms with logs crackling in the big brick fireplace, you experience a sense of serenity and security. You feel instantly at home.