LA Modern Auctions Marks Grand Opening of Hollywood Location with Milestone California Art and Design Auctions
September 10 2024 - 9:05AM
Business Wire
LA Modern Auctions (LAMA) will mark their momentous move to
Hollywood with two distinguished auctions of California Art and
Design. California Cool: Art of the West Coast and
California Design will be offered as back-to-back auctions
on September 26th, preceded by a grand opening and public preview
reception on September 21st. Featuring more than 150 lots, the
omnibus scope of California Design spans the region’s design
history from indigenous art objects and the vibrant early 20th
century Arts & Crafts community featuring cutting-edge
contemporary design. Representing the illustrious histories and
tremendous international influence of California art and design
movements, these auctions feature works by artists and designers
whom LAMA has championed across the span of its history for another
30 years. The occasion offers an opportunity to celebrate LAMA’s
legacy and continued success in shaping tastes and markets in
Southern California and beyond, and to reflect on the company’s
remarkable trajectory of continued evolution and growth.
Centrally located in the art and design district of Hollywood,
LAMA’s new location marks the auction house’s return to Los
Angeles. Expanding beyond its former offices, the 25,000 square
foot Hollywood location will feature newly dedicated exhibition
space and a state-of-the-art-auction room, as well as additional
warehouse spaces, accommodating LAMA’s expanding industry growth.
The house’s team of professionals, from specialists to production,
logistics, and customer service departments, is ideally positioned
to build on LAMA’s legacy and success in serving Southern
California since its founding.
“We are truly thrilled for LAMA’s next chapter,” says Richard
Wright, Chief Executive Officer of Rago / Wright. “Building on the
strong foundation that Peter and Shannon Loughrey have built, we
are proud to grow LAMA’s presence in Los Angeles and
internationally with a central location, more exhibition space, and
a robust calendar of upcoming auctions.”
From LAMA’s first year, when sales totaled less than $100,000,
to a company of less than ten employees producing three auctions
per year, to its current status as part of the substantial Rago /
Wright network, LAMA today offers more than 20 auctions annually
and continues to grow in capacity and reputation. LAMA’s relocation
comes in tandem with Rago /Wright’s recent acquisitions of two new
auction brands, Poster Auctions International and Landry Pop
Auctions, as well as a new gallery location in New York City,
collectively signaling strength amidst an uncertain market.
Contrary to wider market trends, Rago /Wright has reported an 8%
increase in sales for the first two quarters of 2024, and LAMA’s
expansion is a key component of the company’s continued
success.
The first auction house to exclusively specialize in 20th
century modern art and design, LAMA was established in 1992 by
trusted curator and consultant Peter Loughrey, an early champion of
California designers and artists. After establishing a substantial
reputation in the design market, LAMA later grew to offer Modern
and Contemporary Art, repeatedly achieving strong results for
artists connected to the region’s diverse and often experimental
movements, including Hard Edge Abstraction, Light & Space, and
more. Many of these foundational designers and exceptional works
are featured across both California Cool: The Art of the West Coast
and California Design, with highlights including a circa 1907
Greene & Greene Exterior lantern from the Robert R. Blacker
House, Pasadena, California (est. $150,000-200,000), a 1979
Sam Maloof Rocking chair (est. $20,000-30,000), a
significant biomorphic Ken Price sculpture (est. $100,000-150,000),
Wallace Berman’s Silence Series #11 (est. $80,000-120,000),
and John McCracken’s Purple Cube (est. $70,000-90,000).
OPENING CELEBRATION AND PUBLIC PREVIEW RECEPTION
Saturday, September 21st: 12 to 5pm PT, with a specialist
walkthrough offered at 4pm PT.
Address 6666 Lexington Ave, Los Angeles, CA
90038
California Cool: The Art of the West Coast sale will begin at
10am PT on Thursday, September 26th, followed by California Design
beginning at 12pm PT. Both auctions accommodate advanced bids,
telephone bidding, live online bidding, and in-person bidding. For
further information, please reach out to press@lamodern.com.
About LA Modern Auctions LA Modern Auctions (LAMA) is the first
auction house to specialize in the selling of 20th century modern
art and design. Founded in 1992 by curator and trusted consultant,
Peter Loughrey, LAMA quickly established itself as a trusted
authority in the fields of art and design offering quality, vetted
material at variety of price points. Since its founding over the
past two decades, LAMA has successfully expanded to include artists
and designers of international origins but continues to specialize
in works from creators and movements rooted in California.
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