Error: 3002 Source: GeoIP.asp line 56: File could not be opened. Sotheby's Inaugural Dedicated Sale of Contemporary Turkish Art Achieves $1,838,597
The First Art Newspaper on the Net Established in 1996 Wednesday, July 30, 2014


Sotheby's Inaugural Dedicated Sale of Contemporary Turkish Art Achieves $1,838,597
Fahrelnissa Zeid (1901-1991), The Minotaur. Estimate: 50,000—70,000 GBP. Lot Sold. Hammer Price with Buyer's Premium: 85,250 GBP. Photo: Sotheby´s.
LONDON.- Today, Sotheby’s first-ever sale of Turkish Contemporary Art realised the strong total of £1,307,400 ($1,838,597) against a pre-sale estimate of £1.1-1.5 million and saw several works more than double their pre-sale high estimates. Over 60 clients registered to bid in the auction, which was 78.5% sold by value and 70.8% sold by lot, with buyers from Turkey, Asia, the Middle East, Europe and North America. A notable 66% of buyers in the sale were new to Sotheby’s.

Discussing the results of the auction Ali Can Ertug, Sotheby’s Senior Vice President, Strategic Business Development, Middle East, comments: "The result achieved for this inaugural London sale of Turkish Contemporary Art is true testament to the rich cultural history of Turkey, which has cultivated such talented contemporary artists. We are thrilled that this first test of the market with Turkish Contemporary Art as a separate category on the international auction scene was so well received and attracted such enthusiastic bidding."

Dalya Islam, Senior Specialist and Head of Sale, continued: "Today's auction met our pre-sale expectations and we are delighted to see such strong prices achieved, across both the Contemporary and Modern sections, particularly for artists such as Mübin Orhon - whose oil on canvas Untitled brought the top price in the auction - Fahrelnissa Zeid, Taner Ceylan and Erol Akyavas."

Auction Highlights
The top-selling lot in today’s sale was Mübin Orhon’s Untitled, 1961, oil on canvas which achieved £193,250, more than doubling its high estimate of £80,000. Two further works by this modern master achieved prices well within their pre-sale estimate - his 1957 Untitled achieved £61,250 against a pre-sale estimate of £50,000-70,000 and his 1962 Untitled canvas brought £37,250, within the pre-sale estimate of £30,000-50,000.

The second-highest-selling lot was Fahrelnissa Zeid’s stunning oil on canvas Le Minautore which achieved £85,250, above its high estimate of £70,000. The painting is from a very specific period in the late 1950s when the artist’s focus moved away from practicing in her traditional geometric style to a more expressionist mode of depiction.

Another highlight of the sale was the cover lot Spiritual by hyperrealist artist Taner Ceylan, which achieved £70,850 ($99,636) above its high estimate of £40,000. This outstanding work by one of the foremost artists on the Istanbul contemporary art circuit is a technical masterpiece of patience and precision.

Further sale highlights include Erol Ekyavas’ The Kiss, which achieved the strong price of £70,850, doubling the pre-sale high estimate of £35,000, and Mehmet Güleryüz’s sculpture Crated Money, which sold for £46,850, within its pre-sale estimate of £40,000-60,000.

Sale Statistics
• Total: £1,307,400 ($1,838,597) (Estimate: £1,116,000-1,556,000)
• Sold by lot: 70.8%
• Sold by Value: 78.5%
• Of the sold lots, 45.1% achieved prices, including premium, in excess of their pre-sale high estimates
• 66% of buyers were new to Sotheby’s
• Sale attracted buyers from Turkey, Asia, the Middle East, Europe and North America



Today's News

March 5, 2009

King Juan Carlos Welcomes Philippe de Montebello as Director of Art Courses for the Prado

Kazuyo Sejima and Ryue Nishizawa of SANAA to Design Serpentine Gallery Pavilion 2009

Yoko Ono and John Baldessari to Receive Golden Lions for Lifetime Achievement at Venice Biennale

The Intimate Portrait: Drawings, Miniatures and Pastels Opens at the British Museum

Penrith Art Project Transforms Recyclable Material into Large-scale Installations

Sotheby's Inaugural Dedicated Sale of Contemporary Turkish Art Achieves $1,838,597

Detective Work of Curators Reveals New Portraits of Constable's Parents

Fotomuseum Winterthur Presents Joakim Eskildsen's The Rome Journeys

First Exhibition of Traditional Korean Painting at the Art Gallery of New South Wales

Art Karlsruhe 2009 Bets on "Serious Growth" for This Year's Edition of Art Fair

Artist Kehinde Wiley Discusses his Art and its Influences at the Getty Center

Vancouver Art Gallery Announces Largest Exhibition of Dutch Masterpieces Ever Shown in Canada

The Museum of Modern Art to Present Exhibition Exploring 20 Years of the Work of Gabriel Orozco

Portland Museum of Art Breaks February Attendance Record

Wine Writer Max Allen Connects Green Fairies and Liquid Stones with Degas at the National Gallery of Australia

Eastman House and RPO Collaborate to Present "Cinematic Symphony" May 3

National Endowment for the Arts Announces Research on Artist Unemployment Rates

All Things Ming: Saint Louis Art Museum Presents Asian-Inspired Programs

MoMA's International Program Presents Initiatives Involving Latin American Art and Artists in 2009

The ICA/AIGA Speaker Series Presents Design as Social Agent, a Full Day of Conversation

Most Popular Last Seven Days



1.- Archaeologists discover Roman 'free choice' cemetery in the 2,700-year-old ancient port of Rome

2.- Romanians must pay 18 million euros over Kunsthal Museum Rotterdam art heist

3.- Hello Kitty designer Yuko Yamaguchi defends cute character as cat turns 40 years old

4.- eBay and Sotheby's partner to bring world class art and collectibles to a global community

5.- Exhibition on Screen returns with new series of films bringing great art to big screens across the globe

6.- Marina Abramović reaches half way point of her '512 Hours' performance at the Serpentine Gallery

7.- The Phillips Collection in Washington introduces a uCurate app for curating on-the-go

8.- United States comic icon Archie Andrews dies saving openly gay character

9.- New feathered predatory fossil, unearthed in China, sheds light on dinosaur flight

10.- Exhibition at Thyssen Bornemisza Museum presents an analysis of the concept of the 'unfinished'

Related Stories



Important Judaica and Israeli & international art bring a combined $7.9 million at Sotheby's New York

Tunisia to auction ousted despot's treasures

Andy Warhol's Mao portraits excluded from the Beijing and Shanghai shows next year

China criticises French Qing dynasty seal auction

Christie's announces auction marking the first half century of the popular and luxurious interiors shop Guinevere

Nine new exhibits debut at San Diego International Airport

Rembrandt masterpiece "Portrait of Catrina Hooghsaet" back on display at National Museum Cardiff

Amber: 40-million-year-old fossilised tree resin is Baltic gold

Egyptian artist Iman Issa wins the Ist FHN Museu d’Art Contemporani de Barcelona Award

The main chapel of the Basilica of Santa Croce open for visits after five year restoration



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 Rmz. - 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