Bonhams auction breaks records
United Arab Emirates: Tuesday, March 04 - 2008 at 13:56
Bonhams, the UK-headquartered international fine art auction house, broke three world records at its inaugural Middle East art auction in Dubai. The auction achieved total sales of over $13m - almost three times the expected result, with 94% of lots sold. Iranian Farhad Moshiri became the first Middle East artist to achieve an auction sale of over $1m with his Swarovski crystals and glitter on canvas 'Eshgh' (Love) - he also enters the record books as the highest achieving Iranian artist at auction. Breaking the world record for an auctioned Pakistani work of art, Gulgee's 'Polo Player' sold for $336,000 - more than four times the reserve.
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Jeff Florian, Senior ReporterTuesday, March 04 - 2008 at 13:56 UAE local time (GMT+4)
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