VAN NUYS, CA.- Los Angeles Modern Auctions
, the premier auction house on the West Coast for Modern and Contemporary Art & Design, announces The 25th Anniversary Auction. This curated auction in October 2017 will commemorate the companys landmark year, and will include many of the artists and designers for which LAMA is known.
The 25th Anniversary Auction will feature a selection of fine art including California Modernists, the Cool School, and Light & Space artists, among others. Specifically, artists such as Ed Ruscha, David Hockney, Karl Benjamin, Sam Francis, and Nathan Oliveira will all highlight the October 2017 Modern Art & Design Auction.
Founder and Director of Los Angeles Modern Auctions (LAMA), Peter Loughrey, is thrilled to present such a strong showing of California artists and designers. Over twenty-five years, LAMA has turned into a global marketplace. This auction is particularly special as it marks a quarter century. It is only fitting to feature a robust line-up of California artists and designers who led the way to make the West Coast and LAMA the art market powerhouses both are today.
When LAMA first opened its doors, the aesthetic focus was blending modern design and fine art, and this milestone auction will continue this legacy. The 25th Anniversary Auction will offer a selection of modern design classics by designers such as Charles & Ray Eames, Pablo Picasso, Poul Kjaerholm, Gio Ponti, and Fernando & Humberto Campana. Further highlights include handmade works by George Nakashima, Gertrud & Otto Natzler, and Sam Maloof.
My first auction on October 10, 1992 auction realized $87,228, and the average lot sold for $800. Today LAMA realizes $11M annually, with several lots having a low estimate much higher than the total of that entire first auction, noted Loughrey. LAMA has grown along with the markets of the designers we sold in 1992. Designs by Eames, Saarinen, Gehry, and Frank Lloyd Wright were all represented in the first auction and are now standing alongside works by Ruscha, Hockney, Warhol, and Picasso.