The First Art Newspaper on the Net   Established in 1996 United States Friday, June 22, 2018

Christie's dominates market in Middle East with $10.6 million auction total; Increase of 65% on last year’s sale
Christie's auction in Dubai achieved the highest sale total since 2010. Photo: Christie's Images Ltd 2014.

DUBAI.- Art enthusiasts in Dubai crowded Christie’s saleroom tonight to compete for the 140 art works which sold for a total of $10,648,250 (AED39,111,022), an increase of 65% on last year’s sale total*. Christie’s 16th consecutive season in the region, was the first to be held to coincide with Dubai Art Week. The Pharos Collection of Modern Egyptian Art, expected to sell for around $1.4 million, made $3,895,500. The top lot of the sale, also from the Collection, was Abdul Hadi El-Gazzar’s (Egyptian, 1925-1965) Construction of the Suez Canal which sold for $1,023,750, a new world auction record for the artist.

Michael Jeha, Christie’s Managing Director in the Middle East, said: “Christie’s dominates the market for Middle Eastern Modern and Contemporary Art with our sales accounting for 74% of the auction market. The results demonstrated the powerful combination of Christie’s continued commitment to offering the best works for sale with great provenance. By moving the date of the well-established spring sales, Christie’s added an international auction to the stellar list of art-related events taking place in Dubai this week. 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.”

Among the many notable records broken tonight was a Black painting by Iranian contemporary artist Ali Banisadr which sold for $339,750 (AED1,247,902).

A depiction of the Sixth Ode from the seven Arabic poems known as the Muallaqat Al Sabaa by the Ali Omar Ermes, sold for $195,750 with a proportion of the proceeds from the sale to go to UNHCR.

The sale of Important Watches will be held tomorrow evening at 7pm at the Emirates Towers Hotel.

Top Three Works:

Egyptian Masterpieces from the Pharos Art Collection – Total $3,895,500 / AED 14,308,171. Pre-sale estimate: $1.4-1.9 million:

Lot 24
Abdul Hadi El-Gazzar (Egyptian, 1925-1965), Construction of the Suez Canal. Watercolour, gouache and ink on paper, 14 x 27¾ in. (35.5 x 70.5cm.). Estimate $100,000 - 150,000. Price Realized: $1,023,750 / AED3,760,234

Egyptian Masterpieces from the Pharos Art Collection:

Lot 6
Mahmoud Saïd (Egyptian, 1897-1964), Haguer. Oil on canvas, 32 x 25½in. (81.2 x 64.7cm.). Painted in 1923. Estimate; $150,000 - 200,000. Sold for: $663,750 / AED2,437,953

Lot 184
Ali Banisadr (Iranian, b. 1976), Black 3. Signed and dated 'Ali Banisadr 2009' (on the overlap). Oil on canvas, 65.3/4 x 87.7/8in. (167 x 223cm.). Painted in 2009. Estimate: $ 120,000-180,000. Sold for: $339,750 / AED1,247,902

Today's News

March 20, 2014

160 works by Frida Kahlo on display for the first time in Italy at the Scuderie del Quirinale

Recent acquisitions take the spotlight alongside European masters at The Phillips Collection

Christie's New York to sell trove of rare maps and globes from Kenneth Nebenzhal, Inc.

Swedish artist Jonas Dahlber's landscape memorial to Breivik victims sparks outrage in Norway

Exhibition of early works by Peter Doig opens at Michael Werner Gallery in London

Christie's dominates market in Middle East with $10.6 million auction total; Increase of 65% on last year’s sale

The British Library acquires two rare manuscripts preventing them from leaving the UK

Strong results lift the market for Modern and Contemporary South Asian art

Signings of times: United States archives shows more than 100 signatures of figures

Exhibition of paintings by New York artist Stone Roberts opens at Hirschl & Adler Modern

Library charting half a millenium of British exploration to be auctioned at Sotheby's

Exhibition of five large-scale photographs by Chen Jiagang opens at Galerie Edwynn Houk in Zurich

Islamic beauty sells for £1 million in South African Art Sale at Bonhams in London

Michael Rudokas "Terrible Shadow" opens at Denny Gallery

Artworks by some of the most famous names in Contemporary and Modern art to be offered at A.B. Levy's

Alison Jacques Gallery opens third solo show with artist Tomory Dodge

Highlight's first solo exhibition with Australian artist Ben Barretto opens in San Francisco

Francois Linke bibliotheque leads Bonhams auction in San Francisco

Columbus Museum Director Tom Butler announces retirement

"Crossing Borders" opens at Stockholm's Arlanda airport

French police recover Rembrandt stolen 15 years ago

Most Popular Last Seven Days

1.- Porsche Super Speedster offered for first time in 50 years at RM Sotheby's Porsche 70th Anniversary Auction

2.- Cummer Museum of Art & Gardens opens 'Storytelling: French Art from the Horvitz Collection'

3.- Gauguin: Voyage to Tahiti stars Vincent Cassel as the famed French artist

4.- Stunning colored diamonds expected to dazzle at Heritage Auctions' Summer Fine Jewelry Auction

5.- US designer Kate Spade found dead at 55

6.- Vincent Van Gogh painting sells for over 7 million euros: Artcurial auction house

7.- Sir Stanley Spencer painting discovered hidden under a bed during a drugs raid

8.- Oxford's Bodleian Libraries unveil UK's first major Tolkien exhibition in decades

9.- Major exhibition at the Guggenheim explores decades of work by Alberto Giacometti

10.- World's largest freshwater pearl goes for 320,000 euros

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
Founder's Site. The most varied versions
of this beautiful prayer.
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful