Auctions are held throughout the year in Hollywood, California, and feature a wide range of material including painting, photography, prints, sculpture, ceramics, furniture, jewelry, and lighting.

[1] LAMA has set dozens of world auction records, including many for works by California artists and designers such as Peter Alexander, Ruth Asawa, Larry Bell, Chris Burden, Jay DeFeo, Lorser Feitelson, Mike Kelley, Vasa Mihich, Ken Price, Ed Ruscha, and De Wain Valentine.

Having built a reputation for expertise in the field of Modernist design, LAMA was chosen to liquidate the Silver Lake architectural offices of Richard Neutra.

To cap off an already important year, Peter Loughrey was invited by Echoes Magazine to interview Pierre Koenig, the architect best known for his work on the famed Case Study Houses.

LAMA established a new world record price for Marilyn (#28) by Andy Warhol at its June 3, 2007 Modern Art & Design Auction, where the work realized $144,000.

The space was formerly home to Stan Winston Studio and features a skylight added to accommodate the construction of the tyrannosaurus Rex for the film Jurassic Park.

LAMA celebrated its 25th anniversary with its October 22, 2017 Modern Art & Design Auction; the Top Lot was Roy Lichtenstein's Reverie, which sold for $175,000.

Benedikt Taschen told David Keeps for the Los Angeles Times that Loughrey “knew more about the fabric of California modernism than anyone.”[3] In August 2021, LAMA announced that it would be joining Rago Wright Auctions.

Preceded by the exhibition Work from the Office of Charles and Ray Eames, this auction featured 103 lots, including property from the collection of John and Marilyn Neuhart and a collector from Bloomfield Hills, Michigan.

Among the significant designs offered were two rare “DCW” prototypes hand-built in the Eames Office, along with chairs, radios, House of Cards, folding screens, and storage units.

May 19, 2002: LAMA auctioned 485 lots from the Collection of Michael and Gabrielle Boyd, the Santa Monica, CA, based collectors of rare Mid-Century Modern design.

Many of the items in this auction were featured in the landmark exhibition Sitting on the Edge, curated by Aaron Betsky for the San Francisco Museum of Modern Art in 1998.

February 23, 2014: This Modern Art & Design Auction featured a custom commission by Ruth Asawa that realized $1.4 million, LAMA's highest selling lot at the time.

February 21, 2016: A painting by Richard Prince realized $1.58 million at this Modern Art & Design Auction, surpassing a Ruth Asawa commission for highest price paid in LAMA's history.