The First Art Newspaper on the Net Established in 1996 United States Thursday, October 23, 2014


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
WORLD AUCTION RECORD

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
WORLD AUCTION RECORD





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.- Image of a Christ without a beard, short hair and wearing a toga unearthed in Spain

2.- Giant mosaic unearthed in mysterious tomb in Amphipolis in northern Macedonia

3.- Bonhams sale of 18th century French decorative arts to benefit Fine Arts Museums of San Francisco

4.- Paris flustered by erection of 'sex-toy' sculpture; Paul McCarthy slapped by a passer-by

5.- High art or vile pornography? Marquis de Sade explored in Orsay museum exhibition

6.- 'Cubism: The Leonard A. Lauder Collection' opens at the Metropolitan Museum of Art

7.- Greek culture minister says Elgin Marbles return a matter of 'global heritage'

8.- Vandals deflate Paris 'sex-toy' sculpture by American artist Paul McCarthy after outrage

9.- Exhibition at National Gallery in London explores Rembrandt's final years of painting

10.- 'Hans Memling: A Flemish Renaissance' opens at the Scuderie del Quirinale in Rome



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, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site