sothebys dubai inaugural auction achieves sales of us36m
Last Updated : GMT 05:21:58
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 05:21:58
Arab Today, arab today

Sotheby's Dubai inaugural auction achieves sales of US$3.6m

Arab Today, arab today

Arab Today, arab today Sotheby's Dubai inaugural auction achieves sales of US$3.6m

Sotheby's Dubai inaugural auction achieves sales of US$3.6m
Dubai - WAM

Attracting participants from five continents and 33 countries, with bidders spanning the whole Middle East, Sotheby's Dubai inaugural auction took in over three million Dollars this week, with 30 percent of the bids coming from the UAE.

Edward Gibbs, Sotheby’s Chairman for the Middle East, said, "The strong sale result is testament to the exciting evolution of the market here in the UAE and the international focus that has reached an all-time high. The sale's offering was sourced internationally and united by the common thread of the appeal and influence of the Middle East across artistic disciplines and eras. Having seen the number of our UAE clients buying in our sales increase by over 80 percent in the last five years, tonight's sale here in Dubai saw us take the next step. As much as 30 percent of of the participants in the sale were from the UAE, but of equal importance is our contribution to the market here by drawing international buyers, reflecting just how engaged the art world is with the region, as well as the extraordinary quality of the works."

Ashkan Baghestani, Head of Sale, said, "As part of this momentous week for the region, the enthusiasm that we experienced in the lead up to the sale for the range and quality of the works offered translated to strong participation. We saw as many as six bidders spanning the globe competing for a single work. This auction has been a voyage of discovery on a number of levels: for our clients in the region who have been introduced to international artists and new categories, and the connections we made with new collectors as a result of the sale's appeal globally, across generations and at all price points."

The Dubai sale achieved a total of $3.6m (AED13.2m) and a sell-through rate of 80 percent. Bidders in the room, on the phone and online competed to buy works spanning 20th Century and Contemporary Middle Eastern and International art, Design, Photography, Jewellery, Books and Manuscripts and Arts of the Islamic World. The sale offering attracted a broad span of regional and international participation. The top lot of the sale was Ali Banisadr’s captivatingly explosive canvas, 'In Media Res', described as an intoxicating mix of colour and exuberant brushstrokes inspired by elaborate Persian miniatures. It was chased in an extended bidding battle by no less than six bidders to a final sum of $459,000.

Also on sale were works by major international modern artists offered for the first time at auction in the Middle East: French artist and leading proponent of 'art brut', Jean Dubuffet, and Polish American art deco painter, Tamara de Lempicka.

Spending a considerable amount of time with the Bedouin people of the Algerian desert, Dubuffet became fascinated with rituals that reached outside the mainstream of the European art historical tradition. A rare example from the body of early works executed on his travels, 'Palmiers aux Bedouins' was pursued by five bidders and sold above high estimate for $137,500. Painted in vivid colours, de Lempicka’s idealised portrait of a man wearing a white turban and traditional gold-rimmed robe, 'Indian with a Turban' soared above estimate to bring $150,000.

One of the most influential Italian artists of the twentieth century, Alighiero Boetti’s work engaged with the changing geopolitical situation of his time, much of it made on travels to Afghanistan where he began to work with local craftswomen to create colourful embroideries. 'Fuso ma non confuse' from 1988, a jewel-like example of this project, sold for $31,250.

Zaha Hadid’s voluptuous and highly expressive 'Prototype Aqua Table' from the 2005 Principal Collection, met competition from four bidders, selling for double its pre-sale high estimate for $21,240. Three pieces by François-Xavier Lalanne from a prestigious private collection all exceeded their pre-sale estimates, to bring a combined total of $57,500. Cultivating the idea that art and aesthetic pleasure ought to be a part of everyday life, he married the fine and decorative arts whilst infusing his objects with his fixation with birds. The group was led by an avant-garde and whimsical take on a rocking chair, as 'Oiseau d’Argent, A Rocking Chair' sold for $30,000.

Meanwhile, the last major collection of its kind, a previously unknown series of letters and works on paper by Khalil Gibran, one of the greatest novelists of modern Arab and American literature, was hotly contested and soared to a combined total of $183,750, three times the pre-sale high estimate. Testament to his importance, each of these extremely rare objects sparked bidding battles and surpassed their estimates, led by a collection of thirty three letters written to his friend and patron, Madame Marie Azeez El-Khoury, that fetched a sum more than three times the pre-sale high estimate, $100,000.

The Sotheby's Dubai sale also included works by pioneering poet and painter Bahman Mohasses, Iranian American abstract expressionist Manoucher Yektai, and Egyptian Surrealist Antoine Malliarakis.

Other notable items auctioned at the sale included works from Emirati artist Hassan Sharif, currently the subject of a retrospective at the Sharjah Art Foundation, whose 'Garden #1' sold for $23,750, and record prices were achieved for Fouad Elkoury's 'Sherihan', Taher Pourheidari's 'Palm', Effat Nagui's 'Untitled (Girl With Her Goat)', and Yto Barrada’s 'Untitled (Still Life)' which sold for $43,750.

Appearing at auction for the first time, benchmark prices were achieved for Mostafa Abdel Moity for his painting NN51 which sold for $43,750, and Milad Mousavi, when his 'Against Procrastination' fetched $1,375.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

sothebys dubai inaugural auction achieves sales of us36m sothebys dubai inaugural auction achieves sales of us36m

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

sothebys dubai inaugural auction achieves sales of us36m sothebys dubai inaugural auction achieves sales of us36m

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 15:46 2018 Wednesday ,12 December

Festive Fashion by Dubai-based designer ASMARAÏA

GMT 12:05 2016 Thursday ,18 August

British retail sales rebound sharply post Brexit vote

GMT 00:46 2018 Tuesday ,09 January

Macron calls for Europe-China alliance

GMT 14:08 2015 Wednesday ,11 November

Netflix hit by outage, vexing users

GMT 01:05 2016 Saturday ,20 August

Canada's CPI dips to 1.3% in July

GMT 02:03 2018 Friday ,19 January

Taiwan chip 'godfather' bullish on cryptocurrency

GMT 14:50 2016 Monday ,11 January

UK embassy mourns Zamalek legend Hamada Emam

GMT 12:16 2015 Monday ,16 March

Powerful idyllic nature frames evoked

GMT 03:22 2011 Tuesday ,18 October

The perfect outdoor entertaining area

GMT 18:34 2017 Wednesday ,27 December

Shaath reveals opening date of Metro third line

GMT 01:14 2017 Sunday ,24 December

Oman opens sprawling oryx reserve to ecotourists

GMT 04:28 2017 Saturday ,23 December

Quarter of Rohingya refugee children
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday