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MOST EXPENSIVE ART WORKS SOLD IN LATEST DUBAI AUCTION

MOST EXPENSIVE ART WORKS SOLD IN LATEST DUBAI AUCTION

March 20 (Gulf Business) — Global auction house Christie’s said that its latest auction in Dubai saw 140 artworks raise a total of over $10.6 million (Dhs39.1 million), an increase of 65 percent compared to last year’s sales total.

The auction, held on March 19 to coincide with Dubai Art Week, saw a range of Middle Eastern modern and contemporary art on display.

The Pharos Collection of Modern Egyptian Art, expected to sell for around $1.4 million, made $3.89 million, with the top lot of the sale also coming from the collection.

Michael Jeha, Christie’s managing director in the Middle East, said: “Christie’s dominates the market… with our sales accounting for 74 percent of the auction market.

“It is a sign of the continuing strength and maturity of this market that, as in other great art cities around the world, Dubai has taken its place in the international art calendar.”

Top 10 Most Expensive Art Works Sold

1. Construction of the Suez Canal
Most Expensive Art Works Sold By Christie’s In Latest Dubai Auction Most Expensive Art Works Sold In Latest Dubai Auction
Artist: Abdul Hadi El-Gazzar (Egyptian, 1925-1965)
(WORLD RECORD PRICE FOR THE ARTIST AT AUCTION)
Price realised: $1,023,750
Estimate: $100,000 – $150,000
Buyer: Anonymous
Lot: 24

 

2. HAGUER
Artist: Mahmoud Saïd (Egyptian, 1897-1964)
Price realised: $663,750
Estimate: $150,000 – $200,000
Buyer: Anonymous
Lot: 6

 

3. Black 3
Artist: Ali Banisadr (Iranian, b. 1976)
(WORLD RECORD PRICE FOR THE ARTIST AT AUCTION)
Price realised: $339,750
Estimate: $120,000 – $180,000
Buyer: Middle East Private
Lot: 184

 

4. Ta’imlat Mowdou’i (MEDITATIONS)
Artist: Shaker Hassan Al Said (Iraqi, 1925-2004)
Price realised: $207,750
Estimate: $100,000 – $150,000
Buyer: Middle East Private
Lot: 101

 

5. Samt Lam Yantehi Mada (Neverending Silence)
Samt Lam Yantehi Mada Most Expensive Art Works Sold In Latest Dubai Auction
Artist: Dia Al-Azzawi (Iraqi, b. 1939)
Price realised: $207,750
Estimate: $70,000 – $90,000
Buyer: Anonymous
Lot: 107

 

6. Untitled
Artist: Farhad Moshiri (Iranian, b. 1963)
Price realised: $207,750
Estimate: $80,000 – $120,000
Buyer: Middle East Private
Lot: 197

 

7. The Sixth Ode
Artist: Ali Omar Ermes (Libyan, b. 1945)
(WORLD RECORD PRICE FOR THE ARTIST AT AUCTION)
Price realised: $195,750
Estimate: $120,000 – $180,000
Buyer: Anonymous
Lot: 178

 

8. Labour
Artist: Adam Henein (Egyptian, b. 1929)
(WORLD RECORD PRICE FOR THE ARTIST AT AUCTION)
Price realised: $171,750
Estimate: $80,000 – $120,000
Buyer: Middle East Private
Lot: 33

 

9. The Last Supper
THE LAST SUPPER Artist Hassan Soliman Most Expensive Art Works Sold In Latest Dubai Auction
Artist: Hassan Soliman (Egyptian, 1944-2008)
(WORLD RECORD PRICE FOR THE ARTIST AT AUCTION)
Price realised: $171,750
Estimate: $80,000 – $120,000
Buyer: Anonymous
Lot: 39

 

10. Al Deek Al Faseeh
Artist: Shaker Hassan Al Said (Iraqi, 1925-2004)
(WORLD RECORD PRICE FOR THE ARTIST AT AUCTION)
Price realised: $171,750
Estimate: $80,000 – $100,000
Buyer: Middle East Private
Lot: 102

 

SOURCE

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