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Rare Early Iznik Charger Makes £5.4 Million + 10 New Records Set for Arab & Iranian Art

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    Rare Early Iznik Charger Makes £5.4 Million + 10 New Records Set for Arab & Iranian Art
    24.10.2018

EXCEPTIONAL EARLY IZNIK CHARGER SHATTERS RECORDS MAKING £5.4 MILLION / $6.9 MILLION Following a 20-Minute 9-Way Bidding Battle in Today’s Arts of the Islamic World Sale – Quadruples Previous Record for Iznik Pottery – – Ranks Among the Four Highest Prices for Any Islamic Work of Art

10 AUCTION RECORDS BROKEN FOR MODERN & CONTEMPORARY ARAB & IRANIAN ARTISTS – Including GCC Artists Hassan Sharif, Mohammed Kazem & Abdulrahman Al Soliman – With 70% of Works Exceeding Estimates & Almost a Third of the Buyers New To Sotheby’s in Yesterday’s 20th Century Art / Middle East Sale

187 Lots Sold Over Two Middle Eastern Art Sales Bring £11.5 Million / $14.9 Million

Edward Gibbs, Sotheby’s Middle East Chairman, said: “The fiercely competitive bidding on the Debanne Charger was led by a number of eminent institutions as well as private collectors from across the world. Opportunities to acquire great works of Iznik pottery from the fifteenth century are indescribably rare, with the most significant example last appearing at Sotheby’s in 1996, and this was reflected in the saleroom today. The new benchmark price of £5.4 million pounds was the highpoint of a successful week of auctions which included notable records for Arab and Iranian modern and contemporary artists, many of whom were making their debut on the international stage.”

A vibrant international platform for Arab, Iranian and Turkish art, Sotheby’s 20th Century Art / Middle East auction totalled an above-estimate £2,488,000 / $3,231,663 (est. £1,596,500-2,193,500), with 82% of the lots finding buyers and of these, almost 70% exceeding their pre-sale high-estimates. The sale was led by an exceptional example of the important early artworks Iraqi modern master Mahmoud Sabri, whose powerfully defiant Jnazet (Funeral) from 1961 made £346,000 / $449,419 (est. £180,000-220,000). Further highlights included Iranian artist Monir Farmanfarmaian’s elegant Three Graces, inspired by Greek mythology, which sold for £187,500 / $243,544 (est. £120,000-180,000), and Bahman Mohasses’ melancholic 1978 painting of a female friend in Italy, which brought £162,500 / $211,071 (est. £80,000-120,000).

The curated section in the sale was dedicated to pioneering artists who made vital contributions to the art in the GCC saw strong results, setting records for conceptual Emirati artist Mohammed Kazem, leading Emirati artist Hassan Sharif and Saudi modernist Abdulrahman Al Soliman. The auction also set new records for Lebanese-American poet, essayist, and visual artist Etel Adnan, Lebanese Argentinian ‘Peintora des Flores’ Bibi Zogbé, Egyptian modernist artist Hamed Abdalla and Palestinian French painter Samir Salameh. A number of benchmarks were set for artists appearing at auction for the first time, including Egyptian painter Youseff Sida, Italian member of the Egyptian Surrealists Angelo de Riz and Iraqi French contemporary artist Mehdi Moutasha.








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