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West Coast art market continues upward

Los Angeles Modern Auctions answered questions regarding the health of the art market on Sunday with strong results from its October 9, 2016 Modern Art & Design Auction. The top lot in the auction was an iconic painting by Ed Ruscha?Crescent Heights Becomes Laurel Canyon (2000), estimated at $150,000-200,000?which soared three times over estimate to $468,750. LAMA set a new world auction record for Bay Area artist Jay DeFeo, selling her 1982 painting Apex for $281,250, and a rare 1955 painting by Southern California Hard Edge master John McLaughlin realized $250,000.
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