LIVE Magazine #257 May 2017

S T A T E - O F - T H E A R T D A N C E F L O O R
W O R L D - C L A S S D J S | G O - G O D A N C E R S
S P I R I T S E L E V A T E D .
L O V E
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D I V E R S I T Y C E L E B R A T E D .
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PALM SPRINGS ART MUSEUM IN CONJUNCTION WITH
LOS ANGELES MODERN AUCTIONS RAISES MORE
THAN $500,000 AT P.S. AN ART AUCTION BENEFIT
Palm Springs Art Museum raised more than a half million dollars at its
P.S. An Art Auction benefit.
Held in partnership with Los Angeles Modern Auctions (LAMA), P.S. An
Art Auction is a fundraiser that presents art works that are representative
of the Museum’s collecting strengths in the areas of architecture, design,
contemporary art, photography and video, and western art. Well-known
artists, galleries, museum patrons, and collectors donated works that will
help to provide vital support for the Museum’s exhibitions, educational,
and public programs.
“The partnership with LAMA offered a unique opportunity for the museum
to build on the past success of the Contemporary Arts Council’s auction,
and present artworks to collectors around the globe,” said The JoAnn
McGrath Executive Director Elizabeth Armstrong. “LAMA presented 86
lots of art on behalf of the museum and realized over half a million dollars
to support the Museum.”
The live Modern Art & Design auction was recently held at the LAMA
headquarters in Van Nuys. The top lot was Jean Paul Riopelle’s Kenavo,
which tripled its estimate bringing in a $170,000 hammer price. LAMA
waived the standard Buyer’s Premium in this section to help achieve the
highest price in support of Palm Springs Art Museum.
“We were thrilled to use LAMA’s conduit into the international market
place for Modern and Contemporary art on behalf of Palm Springs Art
Museum,” said Peter Loughrey, Director of LAMA. “While charity auctions
are not new, what was novel here was LAMA’s ability to outsource the
museum’s organization as well as the cost structure so that the institution
could maximize the revenue from this event. The end result proved that
the efficiency of a commercial auction house combined with generous
donors of PSAM created synergy to maximize revenue for the benefit the
museum.”
For more information about Palm Springs Art Museum, please call (760)
322-4800 or visit psmuseum.org
Peter Loughrey, LAMA Founder
with Kenavo by Paul Riopelle
ABOUT PALM SPRINGS ART MUSEUM:
Palm Springs Art Museum is the largest cultural institution in the
Coachella Valley and includes three locations in Palm Springs and
Palm Desert. The flagship building is located in downtown Palm Springs
and features compelling art exhibitions, a vast permanent collection,
and the 428-seat Annenberg Theater, all in a 150,000 square foot,
architecturally-significant building. Palm Springs Art Museum Architecture
and Design Center, Edwards Harris Pavilion, features exhibitions and
programming that explore the rich topics of architecture and design.
Admission to the A+D Center is free. Palm Springs Art Museum in Palm
Desert is an 8,400 square foot, Silver LEED-certified building named
The Galen that presents rotating exhibitions and special collections. It is
surrounded by the four-acre Faye Sarkowsky Sculpture Garden featuring
important sculpture works. Admission to the Palm Desert location is free,
generously underwritten by Helene V. Galen. For more information, call
760-322-4800, visit psmuseum.org, and follow the museum on Facebook,
Twitter, and Instagram