For the year, totals were £26.2m/$51.1m, up 491% over 2006 in British pound and 508% in US dollars. The inaugural sale of Contemporary Jewels and Watches in Dubai totalled £6,058,670/$11,814,880/Dhs43,360,609, far exceeding expectations in terms of the prices achieved and the enormous enthusiasm from collectors in the region.
During the autumn's International Modern and Contemporary Art sale in Dubai, Christie's established 62 new world record prices at auction, including for any work by an Arab artist, with Ahmed Moustafa's Qu'ranic Polyptych of Nine Panels (£336,910/$657,000/Dhs2,411,190), and for any work by an Iranian artist, with Farhad Moshiri's One World/Yek Donia (£308,193/$601,000/Dhs 2,205,670).
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Christie's 2007 Middle East art sales total $ 51.1m
- United Arab Emirates: Tuesday, January 29 - 2008 at 10:20
- PRESS RELEASE
As the first international auction house to establish a permanent base in the Middle East in 2005, Christie's extended its lead in the region in 2007.
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About Christie'sChristie's is the world's leading art business with global auction sales in 2007 that totaled £3.1 billion/$6.3 billion. This marks the highest total in company and in art auction history. Christie's is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Founded in 1766 by James Christie, Christie's conducted the greatest auctions of the 18th, 19th and 20th centuries, and today remains a popular showcase for the unique and the beautiful. Christie's offers over 600 sales annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $80 million. Christie's has 85 offices in 43 countries and 14 salerooms around the world including in London, New York, Los Angeles, Paris, Geneva, Milan, Amsterdam, Tel Aviv, Dubai and Hong Kong. Most recently, Christie's has led the market with expanded initiatives in emerging and new markets such as Russia, China, India and the United Arab Emirates, with successful sales and exhibitions in Beijing, Mumbai and Dubai.
Posted by Medilyn Manibo, Assistant News EditorTuesday, January 29 - 2008 at 10:20 UAE local time (GMT+4)
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This article was updated on Mon Feb 25 2008.
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