Christie’s Part 1 Sale Result

CHRISTIE’S AUCTION WEEK KICKS OFF WITH 96% SOLD

CHRISTIE’S DUBAI – PART I SALE TOTALS $ 3,640,100

5 NEW WORLD AUCTION RECORDS SET

BUYERS FROM 13 COUNTRIES BIDDING IN PART I

50% OF WORKS SELL ABOVE HIGH ESTIMATE

Dubai – The 29 lot strong Part I sale at Christie’s October auction of Modern and Contemporary Arab, Iranian and Turkish Art totalled $3,640,100/AED 13,370,087 tonight and was 96% sold. The sale took place in a dynamic and buzzing sale room with bidders from 13 countries participating either in person, by phone or online via Christie’sLive.  The works of art represented 8 different nations of the Middle East and new records were set for 5 artists, Gazbia Sirry (lot 8), Hayv Kahraman (lot 14), Ramazan Bayrakoglu (lot 16), Shirazeh Houshiary (lot 22) and Timo Nasseri (lot 30) with 50% of lots sold above their high estimate. The low estimate for this first part of the two-part sale was $2.6 million. The sales continue tomorrow evening with part II.

20% of new registrants from the region were engaging with Christie’s over the last 3 days from viewing to bidding, reflecting the constant growth of interest in the arts.

The top lot of the sale was Pecheurs à Rosette by Mahmoud Saïd which sold for $818,500 /AED 3,006,350 (estimate $400,000-600,000). Pêcheurs à Rosette,painted in 1941 is one of the artist’s most comprehensive works, showing a richly detailed Egyptian scene beside the Nile with fishermen unloading their catch, a perfect expression of national Egyptian identity.

(information kindly provided by Christie’s)

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