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LAMA’s Spring Auction Soars, Ends Week of International Contemporary Art Auctions

May 22, 2014

Los Angeles Modern Auctions (LAMA)

In a week of record-breaking auctions in the modern and contemporary art world, Los Angeles’ premier auction house, Los Angeles Modern Auctions (LAMA) held the final sale of the spring season. LAMA’s May 18, 2014 Modern Art & Design auction achieved strong prices for blue-chip and California modern artists, commensurate with the New York and London sales. Sunday’s auction offered original works and multiples by Warhol, Picasso, Ruscha, and Wesselmann that exceeded pre-sale estimates, while a Hans Wegner desk and organizer set a new auction record for the model, with total auction sales realizing $2 million, selling 110% by value.

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