RELEASE: CHRISTIE’S CROWNS AUCTION WEEK IN DUBAI WITH Part II realising $2,260,250, 24 October 2012

Christie’s concluded its 13th sales season in the region realising a combined total of $5,900,350/AED21,665,204 and establishing 29 new world auction records for Middle Eastern artists.

Dubai

Christie’s concluded its 13th sales season in the region realising a combined total of $5,900,350/AED21,665,204 and establishing 29 new world auction records for Middle Eastern artists. Tonight’s Part II sale followed the success of last night’s auction and realised $2,260,250 /AED8,295,117, selling 88% by value. In a busy and animated room, this evening’s sale offered works by 16 artists who had never before been represented at auction, all of which sold within or above their high estimate.

Top lot of the evening was lot 106 Louay Kayyali’s The strange Lady Arlette Anhoury, painted in 1962, realising $170,500 /AED625,735 after a fierce bidding battle between room and telephone.

Over the past six years Christie’s in the Middle East has supported a number of charities by offering works of art at auction, raising a combined total of $20 million. This evening we are delighted to have added another $370,000, which will support two further charities: Caspian Art Foundation, which aims to help young students from the region to complete their postgraduate studies at the University of the Arts London; and The Prince’s School of Traditional Arts which was founded in 2004 by HRH The Prince of Wales, and which teaches the practical skills of the traditional arts.  

The two lots offered from the private collection of Robert Douaihy to fund the building of the Saliba Douaihy’s gravestone in Ehden, Lebanon raised $106,000 against a low pre-sale estimate of $40,000.

“The October 2012 sales season has demonstrated again the depth of this market and the continuously growing interest in the arts. With 41 young artists represented for the first time at auction in 2012, and with most of them being sought after in the auction room, we continue to lead in the region by offering the most exciting sales platform with the best international reach. We would like to express our thanks to the Islamic Arts Museum in Malaysia, the Farjam Collection, HRH Princess Wijdan M. Al-Hashemi of Jordan and the galleries, all of whom donated works to support the two charities tonight. We look forward to the next sales at Christie’s Dubai, which will be held on 16 and 17 April 2013,” commented Hala Khayat, Specialist of Middle Eastern Art.

OVERVIEW 2012

 

APRIL 2012

OCTOBER 2012

PART I

$4,016,300

AED14,751,870

$3,640,100

AED13,370,087

PART II

$2,386,525

AED8,763,320

$2,260,250

AED8,295,117

SALE TOTAL

$6,402,825

AED23,515,190

$5,900,350

AED21,665,204

SOLD BY VALUE

91% for Part I

93% for Part II

96% for Part I

88% for Part II

SOLD BY LOTS

85% for Part I

88% for Part II

86% for Part I

80% for Part II

NEW RECORDS

4 for Part I

18 for Part II

5 for Part I

24 for Part II

ARTISTS FIRST TIME AT AUCTION

25

16

COUNTRIES PARTICIPATING IN AUCTION

11 for Part I

12 for Part II

13 for Part I

14 for Part II

TOP LOT

Mahmoud Saïd, Marsa Matrouh

Selling for $602,500

AED2,212,983

Mahmoud Saïd, Pêcheurs à Rosette, selling for $818,500

AED3,006,350

About Christie’s

Christie’s, the world's leading art business, had global auction, private and digital sales in first half of 2017 that totalled £2.35 billion / $3 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Christie’s offers around 350 auctions 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 also has a long and successful history conducting private sales for its clients in all categories, with emphasis on Post-War & Contemporary, Impressionist & Modern, Old Masters and Jewellery.

Alongside regular sales online, Christie’s has a global presence in 46 countries, with 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, Hong Kong, and Shanghai.

*Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and are reported net of applicable fees.