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Fifty Auctions Later, Los Angeles Modern Auctions is Still Going Strong, Sale Totals $1.55 Million
Andy Warhol, Flowers, 1970. Screenprint. Signed in ballpoint pen and numbered with a rubber stamp verso, #22 of 250. Estimate: $25,000-35,000. Realized: $33,075.
VAN NUYS, CA.- Los Angeles Modern Auctions (LAMA) October 17, 2010 Modern Art & Design auction, LAMA's 50th auction since 1992, totaled $1.55 million (including buyer's premium) selling 65% of the 509 lots offered.

Over 250 people registered for the auction, including in-house participants who filled the gallery to standing room only. Several buyers came from Italy, Japan, France, as well as an overwhelming amount of clients from California and New York.

The auction brought together an assortment of high quality 20th century modern fine art, furniture, design, and decorative objects, many of which never traded hands until Sunday. A large number of offerings were from original owners and estates, which caused bidding action to increase dramatically.

Buyers were happy with the prices for furniture, which is still selling for below the highs of 2008, while consignors came away better selling art, which has made up most of the losses since the same period.

• Lot 310, Andy Warhol “Mao”, $36,750 (est. $35,000 – 40,000)
• Lot 6, Roy Lichtenstein “The Living Room”, 36,750 (est. $30,000 – 50,000)
• Lot 210, Diego Rivera “Stone Cutter”, 36,750 (est. $30,000 – 40,000)
• Lot 1, David Hockney Swimming Pool, $30,625 (est. $25,000 – 30,000)
• Lot 307, Andy Warhol “Flowers”, $33,075 (est. $25,000 – 35,000)
• Lot 279, Thomas Hart Benton “Mining Village”, $23,275 (est. 15,000 – 18,000)
• Lot 8, Roy Lichtenstein “Brushstroke”, $18,375 (est. 8,000 – 10,000)

Other Highlights:

• Lot 93, William “Billy” Haines Lanai Couch, $25,725 (est. 20,000 – 30,000)
• Lot 410, Alberto Giacometti Bronze Lamp, $27,562 (est. 8,000 – 10,000)
• Lot 426, Otto & Gertrud Natzler Ceramic Bowl, $39,812 (est. 15,000 – 25,000)
• Lot 332, Pablo Picasso “Woman with Flowery Hat” $22,662 (est. $12,000 – 15,000)

Peter Loughrey, Director of LAMA said “Once again there are large numbers of bidders who are active in the antique and art world. Consumer confidence in this sector is high, which has made for a more stable marketplace.”





Today's News

October 20, 2010

Metropolitan Museum of Art Honors Artist John Baldessari with Retrospective Exhibition

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Hitler Becomes Major Berlin Tourist Attraction, more than 10,000 Visitors Walk in Since Opening Friday

Recent Works by the Internationally Renowned Austrian Artist Erwin Wurm at Essl Museum

New York City's Hotel Chelsea, Built in 1883 and a Bohemian Landmark, is Up for Sale

Preview Berlin, The Emerging Art Fair, Breaks Visitor Records in Its 6th Edition

Fifty Auctions Later, Los Angeles Modern Auctions is Still Going Strong, Sale Totals $1.55 Million

Sotheby's New York to Offer Property from the Collection of the Late Clarence Day

Contemporary Chinese Paintings from the Allen Memorial Art Museum on View at the Akron Art Museum

Photographers and Researchers will Examine Images of the Mexican Revolution

Thai Khon Mask Maker Keeps Disappearing Tradition Alive in the Saphan Mai Area

Views and Souvenirs from the Grand Tour Assembled in New Installation at Metropolitan Museum

Chairs from Taunton Castle, Somerset, Used During the Bloody Assizes to Sell at Bonhams

Hunting Pictures Star as Bonhams Sporting Sale Moves to Edinburgh

Egypt's Top Archaeologist, Zahi Hawass, Shows Off New Tomb that Belonged to Rudj-ka

Five New Paintings by Cy Twombly to Inaugurate Gagosian's New Paris Gallery

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For the First Time in France, the Saatchi Gallery Present More than 60 Works from Its Contemporary Art Collection

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