Christie's continued to extend its leadership in theMiddle East in 2009 as the market matures with both
new and established collectors continuing to show strong demand for art, jewels
and watches. Christie's has accumulated nearly $145 million in sales in Dubai
since its first auction in 2006 and its sales in 2009 totaled $20.1 million (£12.8 million), down 56% over 2008 in £ and 62% in $.
Christie's International Modern and Contemporary Artsale in October witnessed a
significant number of new clients, many of them non-Middle Eastern. A record
price was achieved for a modern work of art by an Arab artist with
Remembrance and Gratitude, a large and spectacular diptych by Ahmed
Moustafa (b.1943), which sold for $662,500 (AED 2.4
million/€445,200).
Christie's auction of Jewels and Watches in October realised $4.0
million (AED 14.6 million/€2.6 million) and was 76% sold by lot and 72% sold by
value. Diamonds continued to sell for strong prices and the top lot was a pair
of Asscher-cut diamond ear pendants weighing 15.19 and 15.04 carats which sold
for $518,500 (AED 1.9 million/€349,988).
Christie's continued to extend its leadership in theMiddle East in 2009 as the market matures with both
new and established collectors continuing to show strong demand for art, jewels
and watches. Christie's has accumulated nearly $145 million in sales in Dubai
since its first auction in 2006 and its sales in 2009 totaled $20.1 million (£12.8 million), down 56% over 2008 in £ and 62% in $.
Christie's International Modern and Contemporary Artsale in October witnessed a
significant number of new clients, many of them non-Middle Eastern. A record
price was achieved for a modern work of art by an Arab artist with
Remembrance and Gratitude, a large and spectacular diptych by Ahmed
Moustafa (b.1943), which sold for $662,500 (AED 2.4
million/€445,200).
Christie's auction of Jewels and Watches in October realised $4.0
million (AED 14.6 million/€2.6 million) and was 76% sold by lot and 72% sold by
value. Diamonds continued to sell for strong prices and the top lot was a pair
of Asscher-cut diamond ear pendants weighing 15.19 and 15.04 carats which sold
for $518,500 (AED 1.9 million/€349,988).
Home
News
