LOS ANGELES, CA.- LAMA
's 'On the Arts: The Diana Zlotnick Collection' yielded extraordinary results for the remarkable collection of post-war modern and contemporary art, establishing new world records for multiple artists including Guy de Cointet, Michael and Magdalena Frimkess, Channa Horwitz, and Ron Miyashiro. Overall, the sale far exceeded its low estimate with 99% of the collection selling to garner a total of $2,122,599.
Top-selling lots included Andy Warhol's Marilyn ($187,500) and Flowers ($93,750), as well as two Verifax collages by Wallace Berman: Untitled ($143,750) and Silent Series #10 ($118,750). A billboard poster produced on the occasion of Roy Lichtenstein's 1967 solo exhibition at the Pasadena Art Museum garnered more than five times the high estimate, selling for $88,400.
Among world record-breaking lots were multiple works by Los Angeles artist Channa Horwitz, whose 1990 work Noisy realized more than 17 times its high estimate with a selling price of $87,500. Paintings by the late conceptual artist Guy de Cointet, in particular two paintings used as props in the artist-directed performances of the 1970s, did exceptionally well: Lost at Sea (...from a lagoon to another) more than tripled its high estimate and established a new artist record when it sold for $105,000. Tuvol (Sophie Rummel) garnered more than double its high estimate with a result of $75,000.
A small assemblage by Ron Miyashiro, Concord No. 8, sold for ten times its high estimate, realizing $21,250 and establishing a new artist record. Multiple vessels by Michael and Magdalena Frimkess far surpassed their high estimates, with the Katzenjammer Kids and Lobster Pot vases each realizing $43,750 and breaking the world record previously held by Bonham's.
This auction is one of the greatest achievements of my career, says Rago/Wright/LAMA Partner Shannon Loughrey. Presenting this important Los Angeles collection to our newly expanded national audience mirrors Dianas vision and will carry on her legacy throughout the arts community for another generation. CEO Richard Wright notes, "It was a privilege to handle this iconic LA collection. In the end, Diana's vision and commitment to artists was recognized by the market."