Modern and Contemporary Arab,Iranian and Turkish Art Part II

Modern and Contemporary Arab,Iranian and Turkish Art Part II

Sale Overview

Collectors from around the world brought their passion and energy to drive the sale total at Christie’s 14th consecutive sale season of Middle Eastern art, well above the high estimate. 103 works of art representing 13 different countries made a total of $6,384,750 across two evening sales held on April 16 and 17, 2013. This was against a pre-sale high estimate for the sales of $5.5 million, and the auctions averaged 93% sold by lot, a clear indication of the success of Christie’s commitment to bring art from the Middle East to a global audience. Among the 28 lots in the part I sale, 5 auction records were set for leading artists from the region, a measure of the quality of the works offered. The saleroom applauded as Farhad Moshiri’s The Secret Garden, 2009, sold for $987,750, with 9 collectors, 2 in the room and 7 on the telephones, competing fiercely against one another to acquire it. The giant bear made entirely of light-reflecting crystals, had created quite a following during the exhibition in Dubai, and was a masterpiece by the artist.

Hala Khayat, Head of Sale for tonight’s auction, commented: "This was my first auction season as Head of Sale and I am proud that the results exceeded our expectations. We set new auction records across both sales, including reclaiming the world record for Chafic Abboud, and it was particularly encouraging that the fourth highest selling lot was sold online to a collector following the sale on Christie’s LIVE, reflecting the growing confidence that bidders have in using this medium. Christie’s LIVE bidding came from Europe, Asia and America and the Middle East. Our Dubai sales continue to be a dependable platform for Middle Eastern artists to show their best work to our incredibly broad and active base of international collectors."

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