MOST EXPENSIVE ARTWORKS SOLD IN LATEST DUBAI AUCTION

20th Mar 2014 – Gulf Business – Dubai

Global auction house Christie’s said that its latest auction in Dubai saw 140 art works raise a total of over $10.6 million (Dhs39.1 million), an increase of 65 per cent compared to last year’s sales total.

The auction, held on March 19 to coincide with Dubai Art Week, saw a range of Middle Easternmodern 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.

Christie’s dominates the market… with our sales accounting for 74 per cent 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.

Michael Jeha, Christie’s managing director in the Middle East

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)

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

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