CHRISTIE’S TENTH MIDDLE EASTERN ART SALE IN DUBAI TOTALS $ 8 MILLION

               CHRISTIE’S TENTH MIDDLE EASTERN ART SALE

IN DUBAI TOTALS $ 8 MILLION 

EDGE OF ARABIA GROUP MAKES $1 MILLION 

42 AUCTION RECORDS BROKEN

Dubai – Christie’s auction of Modern and Contemporary Arab, Iranian and Turkish Art totaled $7,980,875 / AED 29,305,773 and set 42 new world auction records for Middle Eastern artists.  The highlight of the sale was when a group of 6 works from Edge of Arabia, were sold for $1,051,000 / AED 3,859,272, against a pre-sale estimate of around $135,000.

The money raised will enable the expansion of Edge of Arabia’s education programme and art workshops in Saudi Arabia’s schools and universities. A video about this success is available to download from the Christie’s website (see below for download details).

Applause was heard from the audience when the leading lot in the Edge of Arabia section, Message/ Messenger, a three-metre wide wood and copper dome symbolising the Dome of the Rock in Jerusalem by Abdulnasser Gharem, sold for $842,500 / AED 3,093,660, more than ten times its original estimate. Five out of the six lots offered set new auction records for works by the artists but this was later rectified in the sale when Ayman Yossri Daydban’s Wasat Al Halaba, sold for $27,500 / AED 100,980, breaking the previous record.

Michael Jeha, Managing Director of Christie’s Middle East, commented: “ Records tumbled in a standing-room-only saleroom, reflecting the increasing international appeal and quality of art from the Middle East. We were delighted to add 42 records to the 318 already established by Christie’s sales in the Middle East since 2006. ”

Creative Director of Edge of Arabia, Abdullah Al-Turki: “We all wish to thank Christie’s for providing an international platform which confirms that these works by Saudi artists can hold their weight as record-breaking pieces of contemporary art. The proceeds from the Edge of Arabia works sold tonight will go toward nurturing a new generation of artists and curators in Saudi Arabia.”

Aside from the Edge of Arabia group, the packed saleroom witnessed a new record for the Egyptian modern master Abdul Hadi El-Gazzar (1925-1965), one of the leading proponents of surrealism, when Fishing, sold for $746,500 / AED 2,741,148 (estimate: $250,000-350,000); an early wood sculpture of a figure by the Iraqi artist Jewad Selim (1921-1961) also set a record when it sold against many bidders for $662,500 / AED 2,432,700. Among the contemporary works an exceptional piece from the talented young Lebanese artist Ayman Baalbaki (b. 1975) Let A Thousand Flowers Bloom, was finally bought for $206,500 / AED 758,268 after a heated bidding battle against an estimate of $50,000-70,000.

About Christie’s

Christie’s, the world’s leading art business had global auction and private sales in 2010 that totaled £3.3 billion/$5.0 billion.  Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Founded in 1766 by James Christie, Christie’s conducted the greatest auctions of the 18th, 19th and 20th centuries, and today remains a popular showcase for the unique and the beautiful. Christie’s offers over 450 sales annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million.  Christie’s has 53 offices in 32 countries and 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai and Hong Kong.  More recently, Christie’s has led the market with expanded initiatives in emerging and new markets such as Russia, China, India and the United Arab Emirates, with successful sales and exhibitions in Beijing, Mumbai and Dubai.

*Estimates do not include buyer’s premium

Top 10:

Lot

Description

 

Estimate ($)

 

Purchase Price

 

Buyer

60 Abdulnasser Gharem (Saudi Arabian), The Message / Messenger, 2010WORLD RECORD FOR THE ARTIST AT AUCTION 70,000-100,000 $842,500   AED3,093,660

Private

8 Abdul Hadi El-Gazzar (Egyptian), Fishing, 1957 WORLD RECORD FOR THE ARTIST AT AUCTION 250,000 – 350,000 $746,500   AED2,741,148

Anonymous

32 Jewad Selim (Iraqi), Standing Figure (Girl), 1941 WORLD RECORD FOR THE ARTIST AT AUCTION 80,000 – 120,000 $662,500 AED2,432,700

Anonymous

24 Mohammed Ehsai (Iranian), Eshgh (‘Love’), 2006 180,000 – 240,000 $458,500AED1,683,612

Private

46 Farhad Moshiri (Iranian), 8N619VT, 2005 180,000 – 240,000 $338,500AED1,242,972

Private

45 Farhad Moshiri (Iranian), Choc Line (from the Sweet Dreams series), 2008 200,000 – 300,000 $230,500AED846,396

Private

28 Nasrollah Afjehei (Iranian), Wave, 2008WORLD RECORD FOR THE ARTIST AT AUCTION 100,000 – 150,000 $218,500AED802,332

Private

36 Ayman Baalbaki (Lebanese), Let A Thousand Flowers Bloom, 2011WORLD RECORD FOR THE ARTIST AT AUCTION 50,000 – 70,000 $206,500AED758,268

Anonymous

23 Ahmed Moustafa (Egyptian), The Ship, 2000 150,000 – 200,000 $194,500AED714,204

Private

5 Fateh Moudarres (Syrian), The Beast Exit, 1977 120,000 – 150,000 $188,500AED692,172

Private


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