MODERN ART & DESIGN AUCTION
October 12, 2014
Los Angeles Modern Auctions (LAMA) set new world records for art and design by Ed Ruscha, Mike Kelley, Robert Mapplethorpe, and Maria Pergay in the October 12, 2014 Modern Art & Design Auction. Strengthening its local and international art market presence, LAMA also sold original works by Alberto Giacometti, Alexander Calder, and John Baldessari above their pre-sale estimates, with total auction sales realizing $4.33 million, selling 124% of the 529 lots by value.
Ed Ruscha’s Double Standard, 1969, (Lot 75 est. $50,000 – 70,000), set a new world auction record for the highest amount ever paid for any print by the artist. Spirited bidding competition between international and Los Angeles-area buyers drove the final price to $206,250, further confirming LAMA as the leading source for works by contemporary California artists.
Lot 215, a highly anticipated acrylic work on paper by Mike Kelley from his celebrated series of cave drawings hit the auction market for the first time on Sunday, carrying a pre-sale estimate of $400,000 – 600,000. After lively competition, applause filled the salesroom at the final gavel. The artwork realized $740,000—a new record for a work on paper by the artist.
Robert Mapplethorpe’s iconic Self Portrait, 1985, (Lot 333 est. $25,000 – 35,000), set a new world auction record for the edition, realizing $87,500. A “Flying Carpet” Daybed by the French designer Maria Pergay set a new record for the 1968 design (Lot 187 est. $100,000 – 150,000), bringing $162,500.
Additional fine art highlights include: Alexander Calder’s Systeme Solaire Dont un Blanc realizing $100,000; Sweet Dreams, Baby! by Roy Lichtenstein bringing $93,750; John Baldessari’s Three Moments, which far exceeded its pre-sale estimate (Lot 435 est. $6,000 – 9,000), achieving a stunning $53,125; and a Raymond Pettibon ink on paper from 1987, bringing $51,250.
Design highlights include: an Alberto Giacometti floor lamp, acquired directly from Diego Giacometti c. 1968, which realized $162,500; a Sam Maloof rocking chair brought $43,750; and, in a group of George Nakashima designs, the stand out was a coffee table that brought $21,250. Additionally, in the sale LAMA continued to realize exceptional prices for Scandinavian design, including $37,500 for a pair of Finn Juhl NV-45 armchairs; $25,000 for a set of eight examples of “The Chair” by Hans Wegner; and $16,250 for a Finn Juhl “Judas” table.