LOS ANGELES, CA.- Los Angeles Modern Auctions
(LAMA) achieved strong prices for original modern paintings and sculpture in Sunday's auction, reinforcing LAMA as the auction house of choice for important 20th century original works. The June 26, 2011 Modern Art & Design Auction reached sales of $1.5 million selling 70.2% by lot and 71.5% by value.
Original paintings and sculpture by top-tier artists brought the highest prices in the auction.
Top lots include:
Robert Rauschenberg Untitled (Combine) 1958 (Lot 155 est. 100,000 150,000) realized $93,750
Alexander Calder Butterfly and Spiral (Lot 10 est. $35,000 45,000) went over estimate bringing $75,000
Angel Botello Untitled (No. 1781) (Lot 369 est. $45,000 50,000) and Untitled (No. 1919) (Lot 370 est. $35,000 45,000) totaled $90,000
Richard Anuszkiewicz Gilt Order (Lot 15 est. $18,000 25,000) sold for $40,625
Milton Avery watercolor Pot Vendor (Lot 310 est. $30,000 50,000) achieved $37,500
George Chann Clusters of Memories (Lot 90 est. $15,000 20,000) brought $26,250
Karl Appel Composition #3 (Lot 137 est. $10,000 20,000) brought $20,000
LAMA also realized strong prices for rare design and decorative objects.
Top lots include:
Paul Laszlo Decorated Screen (Lot 238 est. $20,000 30,000) realized $32,500
Peter Muller-Munk hammered bowl (Lot 95 est. $15,000 20,000) achieved $26,250
Sam Maloof collection of early designs totaled $53,750
George Nelson CSS Unit (Lot 36 est. $4,000 5,000) brought $15,000
Dieter Rams Stereo (Lot 39 est. $2,000 3,000) sold for $13,750
Charles & Ray Eames Childs Chair (Lot 41 est. $7,000 9,000) brought $13,750
Fresh, original works, unseen on the market for over a generation, attracted a global audience, resulting in strong attendance in the room, on the phones and on the Internet.
Peter Loughrey, Director: In a few short years, LAMA has transitioned from selling modern design to selling prints and multiples, and now to selling paintings by blue-chip artists. Once again, our results prove that you do not have to send Modern Art to New York or London to get the top price.
*Prices Realized include 25% buyers premium.