Exactly 20 years ago, on October 10, 1992, Peter Loughrey had his first auction on La Brea Avenue, offering 150 lots of Modern Art & Design.
LAMA Turns 20
LAMA is pleased to announce our 20th Anniversary Modern Art & Design Auction, held on October 7, 2012, realized nearly $2.9 million to become one of our highest grossing sales ever. Over 300 lots sold at or above their pre-sale estimates, showing a strong demand for expertly chosen modern and contemporary works. Selling 87% of the 530 lots by value, Sunday’s auction firmly establishes LAMA as the market leader for Modern Art & Design on the West Coast.
Time to get ready for tomorrow’s auction. Continue reading for helpful auction tips.
Peter’s Auction Pick of the Day – Sam Francis on Top of the World
The year was 1956 and Time magazine deemed Sam Francis, an American of all creatures, to be “the hottest young painter in Paris.” Mainstream America’s ultimate arbiter of taste arrived at this puckish conclusion after the Museum of Modern Art highlighted the youthful creator in its “Twelve Americans” exhibit. During this peak moment, when Francis could do no artistic wrong, he created Untitled (SF56-003) (Lot 228), one of the star attractions in this Sunday’s auction.
Peter’s Auction Picks of the Day – The LACMA Collection at LAMA
Sunday’s auction marks a rare opportunity to acquire design and decorative arts from a major museum (with a majority of the items from the renowned local collector, Max Palevsky). Sixteen lots are being sold by the Los Angeles County Museum of Art to benefit future acquisitions. The majority of these lots fall into two categories: Pre-Modernism and Art Deco/Streamline Moderne.
Peter’s Auction Picks of the Day – Vignettes: Pairing colors, shapes, and themes
LAMA is rightly praised for the arrangement of our dazzling wall art – sometimes by era, others by genre, or by artist, but our main showroom doesn’t always allow us to create the nooks where the art and design play with each other, the high art version of a wine and cheese pairing. Fortunately, our entry room is intimate (and walled) enough for us to create our own delicious combinations. Today, we’ll use this warm little enclave to marvel at how disparate objects of art and design can interact with each other in a multitude of ways.
Peter’s Auction Picks of the Day – Hidden Gems at the Auction Preview
There are a number of interesting works that are consigned to every auction that come out of a flat file or a drawer that has long been forgotten by the original owner. It’s exciting for us at LAMA to get these types of items because many of them have never been handled, have literally never seen the light of day, and have never been framed. These pieces wind up in sleeves or cabinets in our preview and often times get over looked, which is ironic because many times they are often the best quality pieces in the sale.
LAMA has the great honor to offer a vibrant work on paper by Sam Francis from 1956 in the upcoming October 7th auction. Untitled (SF56-003) has never been on the market, and was purchased directly from Sam Francis on June 17, 1970. In addition, this work comes with a copy of the original invoice from the artist, and presents a rare opportunity to acquire a fresh work of art from Francis’ early period.