WEST PALM BEACH, Fla. – May 6th was a stellar day for Palm Beach Modern Auctions’ (PBMA) co-owners Rico Baca and Wade Terwilliger. Not only did their 492-lot offering of blue-chip modern art, design and luxury goods set a house record for a one-day auction – $1.9 million – it also showcased an important Sam Francis painting that ended up being the most expensive item ever to cross the PBMA auction block. The vibrant canvas sold for a buoyant $603,250 (all prices quoted inclusive of 27% buyer’s premium). Absentee and Internet live bidding was conducted through LiveAuctioneers.com.