The First Art Newspaper on the Net   Established in 1996 United States Wednesday, January 23, 2019

West Coast art market continues upward
Ed Ruscha, Crescent Heights Becomes Laurel Canyon (2000). Estimate: $150,000–200,000. Realized $468,750. Lot 137. October 9, 2016 Modern Art & Design Auction at LAMA.

LOS ANGELES, CA.- Los Angeles Modern Auctions answered questions regarding the health of the art market on Sunday with strong results from its October 9, 2016 Modern Art & Design Auction. The top lot in the auction was an iconic painting by Ed Ruscha—Crescent Heights Becomes Laurel Canyon (2000), estimated at $150,000-200,000—which soared three times over estimate to $468,750. LAMA set a new world auction record for Bay Area artist Jay DeFeo, selling her 1982 painting Apex for $281,250, and a rare 1955 painting by Southern California Hard Edge master John McLaughlin realized $250,000. LAMA’s total auction sales for the Modern Art & Design Auction realized $3.8 million, selling 94% of the 431 lots by value.

“After 24 years of showing the market our ability to sell his prints, books and drawings, LAMA has been more than ready to represent an original work on canvas by Ed Ruscha. Sunday’s auction proved the L.A. market is where this material is most valued. With a larger example from the same series selling for less in New York just a week prior, LAMA has sent a clear signal to the art market: you don’t have to send your items to New York anymore, top prices happen in Los Angeles,” states Peter Loughrey, director of LAMA. “LAMA is quickly becoming the most efficient and effective gateway into the global marketplace.”

Additional Fine Art highlights include quintessential prints by Andy Warhol, including ‪Rebel Without a Cause, realizing $125,000, Vik Muniz’s ‪Standard Station‪ (Night) after Ed Ruscha bringing $75,000, two George Rickey kinetic sculptures together totaled $109,375, a complete portfolio, Ten From Leo Castelli, fetched $43,750, and a Larry Bell “Vapor Drawing” soared to $31,250.

Design and decorative arts highlights include a pair of Georges Jouve sconces and table lamp which brought $28,125 each, a Sam Maloof rocking chair realized $25,000, an early Peter Voulkos vase brought $25,000, a Hans Wegner “Hammock” lounge chair fetched $22,500, and a pair of Rudolph M. Schindler armchairs from ‪Sardi’s Restaurant realized $13,750 and $17,500.


• Ed Ruscha, Crescent Heights Becomes Laurel Canyon (2000) (Lot 137, est. $150,000–200,000) realized $468,750

• Jay DeFeo, Apex (1982), (Lot 227, est. $80,000–120,000) brought $281,250, setting a new world auction record for the artist

• John McLaughlin, Untitled (1955), (Lot 57, est. $200,000–250,000) realized $250,000

• Andy Warhol, Rebel Without A Cause (James Dean) (1985), (Lot 317, est. $120,000–$150,000) fetched $125,000

• Vik Muniz, Standard Station (Night) After Ed Ruscha (2008), (Lot 149, est. $50,000–70,000) realized $75,000

• George Rickey, Divided Quadrilateral III, (Lot 252, est. $30,000–50,000) realized $62,500

• Andy Warhol, San Francisco Silverspot (Lot 315, est. $35,000–45,000) totaled $56,250

• Karl Benjamin, Untitled (1956), (Lot 60, est. $40,000–50,000) brought $50,000

• George Rickey, Open Rectangles One up One Down Excentric Variation III (1981), (Lot 253, est. $18,000–25,000) realized $46,875

• Andy Warhol, Orangutan (1983), (Lot 316, est. $30,000–40,000) brought $45,000

Today's News

October 12, 2016

Sotheby's to offer a mesmerising and rare Fancy Vivid Blue diamond

Mossgreen auction specialists discover a rare 700-year-old Ming Dynasty banknote inside sculpture

Lost work by early film pioneer Melies found in Prague

AXA donates to The Met 29 drawings and studies related to Thomas Hart Benton's mural America Today

Kate charms Dutch on first solo foreign trip

Steidl publishes "New York in the 1970s by Philip Trager"

Nationalmuseum releases 3,000 images on Wikimedia Commons

Abraham Thomas is the New Bresler Curator-in-Charge at the Renwick Gallery

West Coast art market continues upward

Seattle Art Museum's Asian Art Museum reveals plans for renovation and expansion

USC Fisher Museum of Art receives 700 unorthodox prints, paintings and sculptures

Bonhams reveals star line up for London to Brighton Veteran Car Run Auction sale

Tacoma Art Museum exhibits highlights from the Rebecca and Jack Benaroya Collection

"A Feeling of Humanity: Western Art from The Ken Ratner Collection" on view at Museum of the Big Bend

Penn announces Sachs Program for Arts Innovation

Museumsinsel will acquire a Centre for Cultural Education and Learning in 2017

Exhibition at Ludwig Museum looks at Béla Bartók's legacy through the means of contemporary art

Spitfire Ace's outstanding medal group expected to fetch £60,000-80,000 at auction

Hauser & Wirth Zürich presents a new series of paintings by Zhang Enli

Depictions of Phyllis Bramson's poetic internal world on view at Littlejohn Contemporary

Original 1927 Vogue cover artwork sets $52,500 record at Swann Auction Galleries

Spink announces an evening of flying ships, romance and a mischievous loker

The Cummer Museum of Art & Gardens presents "Folk Couture: Fashion and Folk Art"

Most Popular Last Seven Days

1.- Rare 1943 Lincoln Cent sells for $204,000 at Heritage Auctions

2.- Exhibition is the first to shed light on the phenomenon of the princely painter

3.- Nathaniel Silver named new Curator of the Collection at the Isabella Stewart Gardner Museum

4.- Rijksmuseum van Oudheden explores the mystical world of the ancient Egyptian gods

5.- Media error draws misleading reports on sale of 1943 Bronze Lincoln Cent

6.- Four men deny giant gold coin heist from Berlin's Bode Museum

7.- Tanya Bonakdar Gallery presents an immersive installation by Charles Long

8.- Egypt says stolen pharaonic tablet repatriated from United Kingdom

9.- Israeli museum under fire over 'McJesus' exhibit

10.- Claremont Rug Company founder Jan David Winitz reveals major shifts in high-end antique Oriental rug market

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
Founder's Site. The most varied versions
of this beautiful prayer.
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful