Los Angeles Modern Auctions sets new world auction records by Corse, Ruscha, Feuerman, and Warhol
The First Art Newspaper on the Net    Established in 1996 Tuesday, November 5, 2024


Los Angeles Modern Auctions sets new world auction records by Corse, Ruscha, Feuerman, and Warhol
Ed Ruscha, Zoo, Realized $51,250.



LOS ANGELES, CA.- Los Angeles Modern Auctions announced the results from the September 30, 2018 auction of Modern Art and Design.

Along with several new world auction records for Mary Corse, Ed Ruscha, Carole Feuerman, and Andy Warhol, LAMA achieved the highest sale total in company history with $5.17 million in sales achieving 125% over the low estimate.

The top lot in the auction was a recently rediscovered masterpiece by Brazilian artist Sergio Camargo that brought a total of $1,165,000, including buyer’s premium. The painting Untitled (Relief No. 261), was sold on behalf of a Los Angeles collector who owned it for 48 years and was purchased at the auction by a Los Angeles collector, showing that the local market is both a rich area for sourcing material as well as a leading marketplace for selling exceptional works. The result is now the third highest price for a single work sold at LAMA.

Several iconic prints, drawings, and collages by Andy Warhol crossed the block with two works setting new world auction records. Apple and Chanel, both from the 1985 suite based on popular advertisements, sold for $118,750 and $175,000, respectively, which surpasses any previous auction result for examples from this edition. 12 works by Warhol sold on the day for a total of $869,375.

Two small but hotly contested works by legendary Los Angeles artists sent prices soaring to multiple times over their estimates. A work by Mary Corse (estimated at $5,000-7,000) became the highest price achieved at auction for a work on paper by the artist at $31,250. (LAMA set the artist’s world auction record in June 2018 realizing $312,500). A rare edition by Ed Ruscha became the latest work by the artist to set a record at LAMA. The artwork, Zoo, sold for $51,250, more than doubling the previous auction record for this edition, and realizing over triple the presale estimate of $15,000-20,000.

Other strong performances include a hyperrealist sculpture by Carole Feuerman which sold for $118,750 (estimated at $60,000-80,000) and set a new world auction record for the artist; an early painting by Vija Celmins sold for $175,000 (estimated at $80,000-120,000); two small works on paper by Sam Gilliam each sold for ten times over their low estimates of $3,000-5,000, reaching $37,500 and $34,375.

Top design lots were led by two exceptional works by George Nakashima. A set of eight dining chairs selling for $34,375 and the matching dining table bringing $22,500. Two rare chairs by Hans Wegner sold for $18,750 and $10,325, and an early rocking chair with original leather upholstery by Sam Maloof went for $17,500.

LAMA announced its next auction to be held on November 18, 2018 featuring the Estate of Gerard L. Cafesjian. The single-owner auction will encompass over 400 lots of fine art and design spanning over 50 years of Mr. Cafesjian’s collecting.










Today's News

October 5, 2018

Old and new art worlds meet at London's Frieze Art Fair

Joan Mitchell realizes $1.2 million, setting auction record for a work on paper by the artist

Exhibition at the Holburne Museum explores Thomas Gainsborough and the theatre

The tricky process of returning Nazi-looted art

Rare original Star Wars concept art unseen for 35 years may bring $100,000 at Heritage Auctions

Indianapolis Museum of Art opens exhibition of works by photographer George Platt Lynes

Hannah Perry presents a new body of work at Somerset House

Los Angeles Modern Auctions sets new world auction records by Corse, Ruscha, Feuerman, and Warhol

Swann Galleries to offer full deluxe Curtis set at $1-1.5 million

DORF opens Figures: A female-centric exploration on identity, memory and trauma

Group exhibition critiques gender hierarchies and social structures

Freeman's announces results from its Books, Maps & Manuscripts auction

Focus Stand Prize awarded to blank (Cape Town) selected at Frieze London by international jury

Contemporary Art Society Collections Fund at Frieze buys major work by Kehinde Wiley for The Box

Peabody Essex Museum taps Steven Mallory as Manager of Historic Structures and Landscapes

Reciprocity Design Liège: 40 days of international design

Jerwood Charitable Foundation announces UK tour of artist nominated survey exhibition

Ali Banisadr's first exhibition in Germany on view at Blain│Southern

Janet Borden, Inc. opens an exhibition of new work by polymath artist Robert Cumming

Exhibition of works by Lina Iris Viktor explores America's involvement in the founding of Liberia

Gillian Wearing awarded Cincinnati Art Museum's Schiele Prize

Holabird Western Americana Collections to hold five-day Cornucopia of Collectibes Auction

Tang Teaching Museum's Accelerate publication wins national award

Harry & Meghan royal wedding celebratory handbag set to break new auction record




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, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez
Writer: Ofelia Zurbia Betancourt

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.
Hommage
       

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