Christie’s to host modern art auction in Dubai
Dubai, September 28, 2009
Christie’s, the world’s leading arts business, will host its seventh auction of international modern and contemporary art in Dubai on October 27.
The sale will offer to the international art market an important selection of pictures and sculptures from the Middle East region including impressive examples of Lebanese, Syrian, Egyptian and Saudi Arabian art. These works will be complemented by a very strong group of Indian, Pakistani and Iranian art, and the most important selection of Turkish art ever offered at auction in the Middle East, according to a company spokesperson.
The auction will take place at the Jumeirah Emirates Towers Hotel and will present 167 exceptional paintings and sculptures. It is expected to realise $8-$11 million with individual estimates ranging from $10,000 to $800,000. The top lot is Remembrance and Gratitude, a large diptych by Ahmed Moustafa, the celebrated Egyptian artist who holds the world record price for any modern Arabian work of art sold at auction (estimate: $600,000 to $800,000).
On October 28, Christie’s will present an auction of jewels and watches, which will include a diverse selection of diamonds, rare stones, natural pearls, antique Indian jewels, jewelry from the world’s leading contemporary designers and a strong selection of collectible watches.
“Christie’s auctions in Dubai have become an established and celebrated bi-annual cultural event both for the Middle East region, and for Christie’s international sales calendar,” said Michael Jeha, managing director, Christie’s Middle East.
'Through its collaboration with Christie’s, Credit Suisse brings to clients, investors and collectors in the Middle East, an opportunity to engage in a prestigious forum dealing in high value art,' added Raj Sehgal, branch manager, Credit Suisse Dubai.-TradeArabia News Service