Ayyam Auction Results: Sales= $1,331,400

The Dubai Sale: Official Auction Results
Sale totals $1,331,400 dollars

On April 15, Ayyam Auctions hosted its first 2011 installment of the biannual Dubai Sale. Yielding over $1.3 million USD among 68 lots, the sale highlighted a knockout selection of modern and contemporary Middle Eastern art. Offering a range of painting, photography and sculpture by dozens of prominent Arab artists, the auction attracted an impressive crowd of collectors and art lovers from across the region, including representatives of high-profile cultural institutions. 

With a special emphasis on the private collections of longtime patrons HE Dr. Abdul Raouf al Kasim and HE Nohad al Machnouk, the Dubai Sale featured an array of modernist masterpieces. From these collections came some of the highest bids of the evening, with Syrian pioneer Louay Kayyali’s “Motherhood” (1973) and “Maaloula” (1974), fetching $90,000 and $57,000, respectively, and Iraqi cubist painter Hafidh Al Droubi surpassing the $45,000 mark. 

Hammer prices for paintings by contemporary figures such as Safwan Dahoul and Samia Halaby also went well beyond original estimates, with two early canvases by Dahoul earning $57,000 and $66,000 and a recent mixed media work by Halaby netting $42,000. Other Middle Eastern art market staples, notably a painting by prolific Egyptian modernist Seif Wanly, which drew $24,000, peaked the interests of collectors, who vied for lots with marked enthusiasm. Records for artists were also established, as in the case of Holland-based Iraqi multimedia artist Sadik Kwaish Afraji, whose ink on rice paper painting “Looking for Emptiness” (2008) sold for $36,000. 

These final results reflect a steady increase in sales over the course of six months for Ayyam Auctions. The regional auction house’s previous event, the joint Dubai Sale and Young Collectors Auction, netted over $1 million in October 2010. With the outstanding outcome of the first Dubai Sale of 2011, anticipation for the next Young Collectors Auction in May is already building within the regional art scene. The catalog for this forthcoming public sale is available online and at any of Ayyam Gallery’s multiple locations. With spotlights on contemporary photography and emerging trendsetters, the popular event is expected to continue the momentum of Ayyam Auctions’ recent success. 

(provided by Ayyam)

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