Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Gratitude in Dubai

October 28, 2009 by Marion Maneker

Ahmed Moustafa, Remembrance & Gratitude, est's btwn $600-800kChristie’s Dubai sale continues today with watches, gems and jewelry. But yesterday’s picture sale found buyers for three quarters of the 166 lots and totaled a strong $6.7m but below the pre-sale estimate:

The $6.7 million was an increase on the $4.76 million made at the last art sale in April with a similar number of lots up for bidding, but down on pre-auction estimates of between $8.1 million and $11.8 million. […]

“Remembrance and Gratitude” broke a previous record of $657,500 set by the sale of a work by the same artist at a Christie’s auction in October 2007. 

“There was good competition for pieces tonight … There were some very sensible prices paid, much more realistic than previous years,” Jussi Pylkkanen, Christie’s regional president, told Maktoob Business following the auction.

Record for Most Expensive Arab Art Smashed (Maktoob)

More from Art Market Monitor

  • Dealer DefamationDealer Defamation
  • Phillips de Pury Prints & Multiples = $3.3mPhillips de Pury Prints & Multiples = $3.3m
  • Sotheby’s to Follow Sanyu Record with Quartre Nus This Spring in Hong KongSotheby’s to Follow Sanyu Record with Quartre Nus This Spring in Hong Kong
  • Well, That Was FastWell, That Was Fast
  • Squeegeeman RichterSqueegeeman Richter
  • The Soap Opera at Canada's National GalleryThe Soap Opera at Canada's National Gallery

Filed Under: Auction Results

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...