Ayyam’s ‘Dubai Sale’ raises $1.5 million!

Congratulations to Ayyam Gallery which succesfully managed to raise $1.5 million from their ‘The Dubai Sale’ Auction. 93% of the lots were sold, and the Dubai sale surpassed its previous record by a whopping 50%! It is a sign of the good health of the Middle Eastern art market. Great job Ayyam!

Some of the highlights of the auction:

– Lot # 9: Oussama Diab, ‘The toy’. Estimate: $10,000-$15,000 Sold: $20,400

– Lot # 15: Loauy Kayyali, Estimate: $60,000-$80,000 Sold: $96,000

– Lot # 22:Ammar El Beik, ‘Eid Mubarak 2011’. Estimate: $15,000-$25,000 Sold: $42,000

Check out the auction Catalogue here

Check out the auction results here

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