Sotheby's in the country of black gold
Art Market | Every year, Sotheby’s organizes a prestigious auction in Doha, Qatar while Christie’s and Bonhams continue their implantation in Dubai. Sotheby’s sales, built on local/global synergy, are unique in forging links between globally-known Western artists and those from the Middle East. A means of strategic influence in Qatar, they promote and consolidate the rating of artists from the Arab world.
Set at the Katara Art Center, Sotheby’s October 2014 sale brought together 52 lots of which 44 sold, a sales rate of 85%. Among the 13 records set, Ali Banisadr’s « The Chase » sold for $557,000, well over the $250,000 estimate, Abdullah Qandeel’s painting « The Enemy Within » (estimated at $20,000/30,000) sold for $209,000. A closing result of $8,006,625 confirmed the estimates of $6.2 - 8.5 million, the sale followed on […]
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