MODERN ART & DESIGN AUCTION
May 18, 2014
LAMA’s May 18, 2014 Modern Art & Design auction achieved strong prices for blue-chip and California modern artists, commensurate with the New York and London sales. Sunday’s auction offered original works and multiples by Warhol, Picasso, Ruscha, and Wesselmann that exceeded pre-sale estimates, while a Hans Wegner desk and organizer set a new auction record for the model, with total auction sales realizing $2 million, selling 110% by value.
Fine art highlights include Chanel by Andy Warhol from Ads portfolio, bringing $123,750, Tom Wesselmann’s Study for Smoker #26, which more than doubled its high estimate bringing $65,625, and an early and monumental Llyn Foulkes painting that exceeded its pre-sale estimate realizing $53,125. A rare Ed Ruscha print, Sin, soared to $28,125, and a John Altoon work on paper, Untitled (Sunset Series), brought $25,000.
Design highlights include a collection of custom William “Billy” Haines furnishings for an important Beverly Hills commission, which exceeded its pre-sale estimate of $146,300, totaling $241,312. The top lot from the commission was a rare table lamp with Tang style figure of a horse (Lot 181 est. $7,000 – 9,000) that realized $46,250. Additionally, LAMA continues to achieve exceptional prices for Scandinavian design, with the standout being a selection of seven Hans Wegner lots purchased by the original owner in 1966 from Johannes Hansen. A Wegner desk and organizer (Lot 63 est. $7,000 – 9,000) realized $50,000 and set a new auction record for the model, an Executive Swivel chair (Lot 65 est. $8,000 – 12,000) brought $27,500, and a Papa chair and ottoman (Lot 67 est. $6,000 – 8,000) achieved $18,750.