Art Market Monitor

Sotheby’s held two sales today that are opposite sides of the same coin. In London, there was the Modern and Contemporary Arab and Iranian Art sale which brought in $5.2 million, just above the low estimate with 71% sold by lot.

In New York the 19th Century European Art sale including the Orientalist Sale, brought in $13.6 million. The top lots were this picture by Leopold Carl Muller and one by Jean-Leon Gerome. Both of those went for prices above the high estimates.

Also of Interest:

• Orientalism Builds Momentum
  Following a successful $9 million sale of Orientalist Art in New York, Sotheby’s tries to build momentum in London this...
  
• Orientalism with Provenance
  Over and over again in 21st Century market we’ve seen the extraordinary power of provenance in generating strong prices. Despite...
  
• Orientalism Preview, Cross-Country Edition
  Wendy Moonen leads her antiques column in the New York Times with a mini-essay on the range of Orientalist collectors...
  
• Orientalism!
  Oil Prices Are Down but Interest in Orientalist Paintings Isn’t Christie’s 19th Century European Painting sale has a tough sell-through...
  
• The Myth of the Orient
  More on Orientalism. Forbes discovers the popularity of the style among Middle Eastern buyers. In 2008 Orientalist works grossed $70...