LAMA BLOG
Category Archives: Auction Advice
Market Status: Time to Sell
Now that there is more time to consign (deadline is now August 12th), I asked Peter his thoughts on the current state of the market and recent consignments.
Peter Loughrey: So far the October 2010 Auction will include a large assortment of items in the $1,000 – 1,500 range, which will make for an exciting opportunity to buy. Although the lower price range is almost full, …
Continue Reading >> August 3, 2010Posted in Auction Advice, LAMA Current Events, Words from Peter Loughrey | Tagged Andy Warhol, Auction Market, David Hockney, Diego Giacometti, Modern Art Market, Peter Loughrey | 1 Comment
How to Sell at Auction
What to expect when selling at auction according to LAMA’s Director Peter Loughrey:
Submitting Material for Possible Inclusion
Submitting your items is easy. A simple list will do, but sometimes we will need to see photographs. We can also simply make an appointment to come by and look at your items at your location. However, emailing a simple list or description gets the ball rolling.
Receiving …
Continue Reading >> July 21, 2010Posted in Auction Advice, Words from Peter Loughrey | Tagged Peter Loughrey, Selling at Auction | Leave a comment
Advantages of Selling at Auction
Top three reasons to sell at auction according to Peter Loughrey:
Upside
Unlike selling at a fixed price, an auction has the unique ability to create a competitive environment, where there is no fixed limit to how high the value can be set on any individual item. As soon as you put a fixed price on something, someone invariably is going to offer you less. …
Continue Reading >> June 8, 2010Posted in Auction Advice, Words from Peter Loughrey | Tagged Peter Loughrey | Leave a comment
Thoughts on the May 23, 2010 Auction
It’s finally March and soon we are getting ready to close out the sale in preparation for photography in two weeks. Amidst the chaos at the warehouse with all the furniture and art flying in, I got a chance to take a moment to reflect on how the auction is shaping up and ask Peter a couple of questions.
What is the proportion of fine …
Continue Reading >> March 5, 2010Posted in Auction Advice, Buzzworthy Items, Words from Peter Loughrey | Tagged Image of Warhol, John McLaughlin, Los Angeles Modern Auctions, Modern Auction, Paul Cadmus, Thomas Hart Benton | Leave a comment
Auction Advice for the Beginning Design Collector
Recently someone asked me, ‘I am very interested in design and I really want to start collecting. What should I be looking for, especially when buying through auction?” So, I asked Peter his thoughts, well because he’s been in the business since 1989 and has almost seen it all.
Peter :”On any given sale, I would advise a beginning collector to be most cautious of …
Continue Reading >> March 2, 2010Posted in Auction Advice, Words from Peter Loughrey | Tagged auction advice, beginning collector, Peter Loughrey | Leave a comment