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LAMA's Spring Auction soars, ends week of international contemporary art auctions
Design highlights include a collection of custom William “Billy” Haines furnishings for an important Beverly Hills commission, which exceeded its pre-sale estimate of $146,300, totaling $241,312.


LOS ANGELES, CA.- In a week of record-breaking auctions in the modern and contemporary art world, Los Angeles’ premier auction house, Los Angeles Modern Auctions 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.

“After 22 years, LAMA continues to play a key role in the international modern and contemporary art scene,” states Peter Loughrey, director of LAMA. “Many of the same top buyers and sellers at the bigger auction houses are participating in our sales, the only difference is that LAMA represents material of a lower price point. With 200 people in the room alone and hundreds more on the phone and internet during Sunday’s auction, LAMA has staked out our part of the art world.”

Fine art highlights include Chanel by Andy Warhol from Ads portfolio, bringing $123,750, Tom Wesselmann’s Study for Smoker #26, which more than doubled its high estimate bringing $65,625, and an early and monumental Llyn Foulkes painting that exceeded its pre-sale estimate realizing $53,125. A rare Ed Ruscha print, Sin, soared to $28,125, and a John Altoon work on paper, Untitled (Sunset Series), brought $25,000.

Design highlights include a collection of custom William “Billy” Haines furnishings for an important Beverly Hills commission, which exceeded its pre-sale estimate of $146,300, totaling $241,312. The top lot from the commission was a rare table lamp with Tang style figure of a horse (Lot 181 est. $7,000 – 9,000) that realized $46,250. Additionally, LAMA continues to achieve exceptional prices for Scandinavian design, with the standout being a selection of seven Hans Wegner lots purchased by the original owner in 1966 from Johannes Hansen. A Wegner desk and organizer (Lot 63 est. $7,000 – 9,000) realized $50,000 and set a new auction record for the model, an Executive Swivel chair (Lot 65 est. $8,000 – 12,000) brought $27,500, and a Papa chair and ottoman (Lot 67 est. $6,000 – 8,000) achieved $18,750.

TOP LOTS:

• Andy Warhol, Chanel (Ads portfolio) (Lot 163 est. $60,000 – 80,000) realized $123,750

• Tom Wesselmann, Study for Smoker #26 (Lot 162 est. $20,000 – 30,000) realized $65,625

• Harry Bertoia, Sonambient Sculpture (Lot 131 est. $50,000 – 70,000) brought $62,500

• Sam Maloof, Rocking chair (Lot 306 est. $35,000 – 45,000) fetched $62,500

•Llyn Foulkes, Within Ercha (Lot 271 est. $30,000 – 50,000) realized $53,125

• Andy Warhol, Life Savers (Ads portfolio) (Lot 164 est. $30,000 – 50,000) realized $51,250

• Hans Wegner, Desk and organizer (Lot 63 est. $7,000 – 9,000) realized $50,000, setting a new auction record for the model

• William “Billy” Haines, Table Lamp with Tang Style Figure
(Lot 181 est. $7,000 – 9,000) soared to $46,250

• De Wain Valentine, Clear Grey Column (Lot 291 est. $25,000 – 35,000) brought $38,750

• Alan Davie, His Highness the Egg (Lot 221 est. $4,000 – 6,000) exceeded pre-sale estimate bringing $32,500





Today's News

May 21, 2014

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'Lost' snake species found in Mexico by researcher from National Museum of Natural History

Morgan Library's Dr. William Griswold named 10th Director of the Cleveland Museum of Art

Looking for Civilisation: Exhibition at Tate Britain explores the career and impact of Kenneth Clark

Elusive British graffiti superstar Banksy a no-show at annual Webby Internet awards

As art auction results hit stratospheric levels, Lund Humphries publishes Georgina Adams' Big Bucks

Dream Cars: Inventive, historic concept cars roll into the High Museum of Art in Atlanta

First sale of Asian 20th Century and Contemporary Art in Bonhams' new saleroom registers solid results

Elegant eclecticism at Bonhams New York Fine Furniture, Decorative Arts and Silver Auction

Bruce Museum hires Daniel Ksepka, PhD. in Earth and Environmental Sciences as new Curator of Science

Gil Elvgren's Thinking of You brings $209,000 at Heritage Auctions' Illustration Art Signature Auction

"The Power of Words and Images in a World at War" on view at the Grolier Club

Surface to Air: Los Angeles Artists of the '60s and the Materials that they use at Kayne Griffin Corcoran

Sotheby's Contemporary Day Sale raises $2.179 million for Contemporary Art Museum St. Louis

Solo show of work by Alex Da Corte on view at David Risley Gallery

LAMA's Spring Auction soars, ends week of international contemporary art auctions

Four paintings by Leroy Neiman sell for a combined $279,600 at Shannon's Fine Art Auctioneers

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