The Christie's auction of works and watches for the spring season in the Middle East was valued at AED 43,952,381 ($ 11,969,875). The International Auction House has celebrated its 25th consecutive season in the region with two large two-day auctions at the Jumeirah Emirates Towers Hotel in Dubai. 18% of all auction participants were new customers who first took part in Christie's auctions, and 70 pieces, about a quarter of the total, saw online bidding. With a total of 260 items, the world's 12-year world record auction, including a record for Patek Philippe's gold watch in the "Important Watches Auction", and a record 11 works for the Middle East Contemporary and Contemporary Arts Auction.
Christie's Middle East Chairman, Michael Geha, said that the 25-year auction season was accompanied by a new program of events and lectures and an exhibition of works to be held at future international auctions, including Islamic and Oriental paintings and classic masterpieces. "We welcomed participants in auctions from 36 countries, in recognition of the continued attractiveness of Middle Eastern art to art collectors around the world, and the auction of the most important hours of any auction in the Middle East Or The Middle East Auction of Modern and Contemporary Arts has achieved 11 record numbers for artists from Lebanon, Palestine, Egypt, Syria and Iraq. The sale of 88% of the pieces exhibited in the Middle East, while only 10 pieces did not have a share of Sell ».
"I hope that now that the auctions have been successfully completed, we will begin to organize our events according to a specific and regular agenda in the newly renovated exhibition area of the Dubai Financial Center, Global".
The Christie's auction of important watches generated a total sales of AED 30,295,377 ($ 8.250,375), the highest total sales of any watch auction to be held in the Middle East. The auction witnessed the achievement of four pieces price exceeded $ 500 thousand each, and 13 pieces exceeded the price of $ 100 thousand each. The Jumeirah Hall at the Jumeirah Emirates Towers received 350 guests, with more than 180 participants added to the online auction, which led to 40% of the total online offers from Malaysia, the United States, Latvia, France, Qatar, Taiwan, Indonesia, Germany, Australia, Italy, Switzerland, Singapore, The United States and Hong Kong, as well as the UAE. Fifteen percent of all participants in the important hour auction were at Christie's.
The auction of modern and contemporary art in the Middle East, which was held yesterday, generated a total sales of AED 13,658,004 ($ 3,719,400). 88% of the items sold were sold, with sales accounting for 94% of the total. Higher by 50%.
Auction participants from 36 countries.
18%
Of auction participants from new customers who are participating for the first time.
Business has achieved record highs
A painting by Ramses Yonan
• A painting by Nadia Sieqli (born in 1936), dating back to 1995, and sold for AED 45,000.
• Untitled portrait of the artist Yvette Ashkar (born in 1928), dating back to 1983, and sold for 459 thousand dirhams.
• A painting by the artist Willy Arctengi (Lebanese 1930-2003), dating back to 1988 and sold for AED 114,750.
• Untitled portrait by the artist Omar Ansi (Lebanese 1901-1969), dating back to 1941, and sold for 114 thousand and 750 dirhams.
• A painting with no title by Nicolas Sage (Palestinian 1863-1942), dating back to the 1920s, and sold for 160 thousand and 650 dirhams.
• Untitled portrait of the artist Nehil Bishara (Palestinian 1919-1997), dating back to the 1940s, and sold for 55 thousand dirhams.
• A painting by the artist Ramses Yunan (Egyptian 1913-1966), dating back to 1944, and sold for one million and 422 thousand and 900 dirhams.
• The Man with Key painting by Khaled Zaki (Egyptian born 1964), dating back to 2013, and sold for 68.850 dirhams.
• The Battle of the Farm in 1925 by the artist Shafiq Ashti (Syrian born 1958), sold for 160.650 dirhams.
• A Rural Wedding by Mamdouh Kachlan (born in 1929), dating back to 2015, and sold for AED 146,880.
• The Galaxy of the artist Walid Shit (Iraqi), dating back to 1994, and sold for 20,655 dirhams.