Peter Loughery’s Los Angeles Modern Art held an auction this week that shows the continuing appetite for Contemporary art in LA. The sale was led by a Richard Prince joke painting that made a very competitive (for LAMA) $1.58m. It was followed by an early Alex Katz which made $162,500.

1. Richard Prince, Bedtime Story (1988),
   (Lot 189, est. $1,000,000–2,000,000) realized $1,585,000
2. Alex Katz, Here’s to You (1962),
   (Lot 142, est. $80,000–120,000) brought $162,500
3. Nabil Nahas, NN-19 (1987),
   (Lot 23, est. $30,000–50,000) realized $150,000
4. Alberto Giacometti, Lampadaire à tête de femme (conceived c. 1933–1934),
   (Lot 224, est. $80,000–120,000) fetched $125,000
5. Mary Corse, Copper-Four Crosses (1979),
   (Lot 25, est. $40,000–60,000) realized $100,000
6. Norman Bluhm, Black Card (1961), (Lot 56, est. $40,000–60,000) realized $93,750
7. Frank Stella, Double Gray Scramble (1973),
   (Lot 12, est. $25,000–35,000) totaled $68,750
8. Harry Bertoia, Multi-plane construction (1958),
   (Lot 41, est. $60,000–80,000) brought $65,625
9. Timothy Hawkinson, Sweet Tweet (2004),
   (Lot 199, est. $50,000–70,000) realized $62,500
10. Sam Gilliam, On Blue (1967), (Lot 211, est. $30,000–50,000)
    brought $56,250

February 21, 2016 Modern Art & Design Auction