Los Angeles Modern Auctions (LAMA) is delighted to announce the auction of a group of three designs by celebrated woodworker Sam Maloof (1916 – 2009) on October 9, 2016. Self-taught, Maloof first began working with wood as a child and excelled in his craft from an early age. The pieces for auction include a desk, armchair and one of Maloof’s iconic rocking chairs, all created between 1991 – 1992. Carved from comfortable, hard-wearing walnut, the chairs are embody the elegant simplicity of Maloof’s designs, which place function first. Maloof’s attention to detail was legendary and rather than employing hundreds of technicians, he had a hand in every object that left his workshop. Each of these remarkable pieces bear the hallmarks of Maloof’s classic aesthetic.
sam maloof rocking chair
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.”
Peter Loughrey, Director of Modern Fine Art & Design, picks his top four unsold investment pieces that are ready, waiting, and available for purchase, including work by Joe Goode, Dave Muller, Sam Maloof, and Roy McMakin. Better than money in the bank, these four pieces will definitely go up in value.