Palevsky Estate Propels Los Angeles Modern Auctions to Record Sales

LOS ANGELES, CA.- Los Angeles Modern Auctions (LAMA) recorded its highest grossing auction to date on Sunday, March 6, 2011, with total sales reaching $2,256,323 and a sell through rate of 82%. Custom designs by Ettore Sottass for the late Max Palevsky were sold on Sunday at the LAMA Modern Art & Design auction in Van Nuys, CA, totaling $333,813. Record prices were achieved for several unique works designed by Ettore Sottsass, including a marble console (Lot 55 est. $10,000 – 15,000), which realized $75,000; a sevres porcelain vase (Lot 70 est. $1,000 – 1,500) brought $31,250; and a pair of marble end tables (Lot 84 and 85 est. $2,400 – 3,000) together realized $25,000. Sottsass designs from other owners included a group of three candlesticks (Lot 78 est. $1,500 – 2,000), which realized $14,375, a pair of “Eastside” lounge chairs (Lot 83 est. $2,500- 3,500), which realized $3,750, and a Sinus lam

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