prince

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.”

Peter’s Auction Pick of the Day: Richard Prince

February 17, 2016

Lot 189, Richard Prince, Bedtime Story (1988)

Learn what Richard Prince’s Bedtime Story has in common with the work of artists as various as Andy Warhol, John McLaughlin, and Donald Judd in today’s Peter’s Auction Pick. “To my mind, one of the hallmarks of a great work of art is that it resonates with associations and allusions. By that measure, Bedtime Story—the cover lot in our February 21st Auction of modern art and design—is a tour de force.”

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