Christie's continues to grow and strengthen the market with a third auction
- United Arab Emirates: Thursday, October 11 - 2007 at 12:04
- PRESS RELEASE
As a result of Christie's groundbreaking two sales to date of international Modern and Contemporary Art, the market for Modern and Contemporary Arab Art has grown rapidly over the last two years, encouraging collectors worldwide to offer rare and unusual pieces, many completely unknown to the market and unseen for decades.
The second sale of International Modern and Contemporary Art in February 2007 established a new world record for Adbul Kadir Al-Rais, with Yesteryear, 1995. The forthcoming auction will includes the artist's Untitled (from the 'Waw' series), a rare, very large calligraphic work on paper painted in 2007
The autumn auction will also feature the Qatari artist Yousef Ahmed art titled, The Letter Noon. Another artist from Kuwait, Sami Mohammed will display his work at the forthcoming Christies sale. Sami's art is all about the suffering of the common man and his suppressed freedom, conditions prevalent in much of the developing world. He expresses his thoughts over one tragic event from the past and cast this very moving figure in bronze.
Built on the solid foundations laid in the first two sales of International Modern and Contemporary Art that Christie's have staged in Dubai, this third sale will help to firmly establish a strong and vibrant secondary market for Modern Arab and Iranian Art in the Middle East, and provide a platform for the best and unique pieces of contemporary art available in the region, says William Lawrie, Specialist, Modern & Contemporary Arab & Iranian Art, and Michael Jeha, Managing Director, Middle East.
A large proportion of works offered in this sale have been sourced from private collections from across the globe, many of whom are completely unknown in the Middle East, as well as unique contemporary pieces that, until now, have not been available anywhere else in the Middle East.
We are delighted to have established a sponsoring partnership with Credit Suisse who is supporting the events around the auction for the second time, Michael Jeha, Managing Director, Middle East said. With the backing of Credit Suisse as one of the leading global providers of
financial products and services in Investment Banking, Private Banking, and Asset Management, Christie's is proud to be continuing to help drive the local art market, raising the standard and profile of art in the region and in bringing to Dubai works from across the globe.
Ahmed Moustafa's Qur'anic Polyptych of Nine Panels painted in 1995 is an undoubted highlight of the sale. The essence of this work is based on the text of the last three suras in the Holy Qur'an. By putting these three suras in a square measuring just over 3x3 metres, the work attempts to shed different lights on the mysteries of the hidden treasure in the Divine expression.
This sale will also feature important works by most of the greatest Iranian artists of the Twentieth Century and later. Charles Hossein Zenderoudi is represented in the sale by four, outstanding works. Offered from a private French collection, Mir + 54 + BZ + S, painted in 1962 is representative of the Saqqa-khaneh movement, and as an early example demonstrates many of the artist's concepts and his visual vocabulary, expressed in a strong and emergent way.
A number of exciting works by Andy Warhol also feature in the sale. Warhol was fascinated by the many characters he met in life, and strove to immortalize them through his work.
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Notes and Media Contacts »
- 07, four international public art exhibitions and numerous charity auctions throughout the region.
- As the world's leading art business, Christie's is best placed to create new markets and to anticipate and respond to the needs of collectors globally. Christie's is based full-time in the Middle East and the firm's knowledge of the regional market, collectors and vibrant arts scene is second to none.
- Christie's has 85 offices in 43 countries and 14 salerooms around the world including in Dubai, Geneva, Hong Kong, London, Los Angeles, Milan, New York and Paris. this extensive international network of selling locations, and expertise, coupled with Christie's unrivalled local knowledge, provides unparalleled access to buy and sell the most important works of art globally as well as advice and services in all related matters.
- 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 45,000 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.
Contact:
Eileen Wallis/Shawn Stephens (The Portsmouth Group, Dubai)
Clare Roberts/Milena Sales (Christie's London) +44 207389 2664
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Posted by Rushika Kheradia, Assistant News Editor



