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Wednesday, November 11 - 2009

Christie's opens a public exhibition of contemporary jewels, watches and art, prior to major auctions in Dubai this week

  • United Arab Emirates: Monday, January 29 - 2007 at 16:17
  • PRESS RELEASE

Thousands of residents and international visitors interested in contemporary jewels and art are expected to visit the Christie's exhibition in Dubai this week, ahead of the company's first jewel and watch sale in the Middle East and Christie's second art sale in the city.

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  • (from left to right) David Warren, Christie's Head of Jewelry Department, Michael Jeha, Managing Director, Christie's Dubai, Raj Sehgal from Credit Suisse, Yamini Mehta, Christie's Indian Art Expert and Will Lawrie, Christie's Middle Eastern Art Expert.
    (from left to right) David Warren, Christie's Head of Jewelry Department, Michael Jeha, Managing Director, Christie's Dubai, Raj Sehgal from Credit Suisse, Yamini Mehta, Christie's Indian Art Expert and Will Lawrie, Christie's Middle Eastern Art Expert.
From 29 January, Christie's specialists and international executives will be on hand to present pieces from the inaugural first day sale of Contemporary Jewels and Watches to be held 31 January 2007 followed by a second day sale of International Modern & Contemporary Art on 1 February 2007. The events surrounding the sales are supported by the sponsorship of Credit Suisse.

"Christie's are delighted to be bringing our second series of sales to Dubai. With our international Christie's experts at hand, we are looking forward to welcoming art, jewel and watch lovers to our four days of exhibition prior to our sales of Contemporary Jewels and Watches and International Modern and Contemporary Art, which is open to the general public." Said Michael Jeha, Managing Director, Christie's Dubai.

Jewels from some of the world's leading contemporary designers will be auctioned, including magnificent earrings by JAR and Michelle Ong, rings by Van Cleef & Arpel and Carvin French, and necklaces by Bulgari, Cartier, and David Morris. A group of 37 watches and three Cartier clocks are included in the sale, which will be conducted by François Curiel, International Head of Jewellery, Chairman of Christie's Europe and Auctioneer.

"The jewels and watches being offered by Christie's in our first regional auction in this category are a marvelous combination of rare and beautiful pieces at very attractive prices. We are expecting a strong interest from buyers in the Middle East and the global jewellery market as a whole," said Jeha.

Christie's second sale of International Modern & Contemporary Art on 1 February is ideally timed given the increase in global demand for works by Arab, Iranian, and Indian artists. Strong interest is expected for works by prominent Gulf artists as well as pieces sourced from Morocco, Algeria, Tunisia, Libya, Egypt, Sudan, Lebanon, Syria, Iraq, Saudi Arabia, Bahrain and the UAE. Given the record-breaking prices fetched for Indian art at Christie's inaugural sale in May 2006, works such as Horses by India's most well-known artist, and part-time Dubai resident, Maqbool Fida Husain (estimate: $200,000-250,000) will be closely watched.

Accompanied by a select group of Western works, the auction on 1 February 2007 is set to build on the success of the inaugural sale and, with Christie's at the helm, further confirm the Middle East as a major player in the international art market.

The forthcoming Christie's auctions have been made possible with the sponsorship of Credit Suisse, one of the leading global providers of financial products and services in Investment Banking, Private Banking, and Asset Management, and Christie's local sponsor, Dubai Multi Commodities Centre.
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Notes and media contacts

• Christie's sale of Contemporary Jewels and Watches will take place in the Godolphin Ballroom at Jumeirah Emirates Towers hotel on Wednesday, January 31 at 7:30pm
• Viewing of the Contemporary Jewels and Watches sale is open to the public between:
• 12pm - 8pm 29 January 2007
• 12pm - 10pm 30 January 2007
• 10am - 5pm 31 January 2007
• Christie's sale of International Modern and Contemporary Art will take place in the Godolphin Ballroom at Jumeirah Emirates Towers hotel on Thursday 1 February at 7.30pm
• Viewing of the International Modern and Contemporary Art sale is open to the public between:
• 12pm - 8pm 29 January 2007
• 12pm - 10pm 30 January 2007
• 10am - 10pm 31 January 2007
• 10am - 2pm 1 February 2007
• For catalogues and further information, please telephone +971 4 361 5323
• For online viewing www.christies.com

Contact:
Eileen Wallis and Husain Tamimi (The Portsmouth Group, Dubai) +971 4 369 3575

Milena Sales (Christie's) +447810757302

Christie's presence in the GCC was established in April 2005. The opening a representative office in the Middle East (the only international auction house to have a permanent base in the region), reflects the growing activity in the international art market as well as the mounting demand and the importance of the Middle East to this sector. Participating in extensive charity events in Saudi Arabia, Kuwait, Abu Dhabi and Dubai, Christie's events are part of an ongoing programme of exhibitions, educational and cultural seminars organized in the region. Sponsorship for events surrounding the sales has been secured from Credit Suisse.

Credit Suisse As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 40,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

Dubai Multi Commodities Centre was created in 2002 as a strategic initiative of the Dubai Government to establish a commodity marketplace in Dubai. Rated 'A' by Standard & Poor's, it provides the market infrastructure that brings together a wide range of commodities activities, and is committed to serve the needs of participants in the gold, diamonds and commodities markets. Resident companies of Dubai Multi Commodities Centre are offered highly attractive benefits under a free zone status, including a 50-year guaranteed tax holiday, 100 per cent business ownership, full ownership of business premises, and a secure regulated environment.

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