x Abu Dhabi, UAESaturday 25 November 2017

Inaugural Sotheby's Dubai auction reaps Dh13.2m

The diverse selection of items attracted participants from five continents and 33 countries

This week’s inaugural Sotheby’s Dubai auction has been deemed a resounding success with the eclectic mix of art on sale reaping $3.6 million (Dh13.2m).

Boundless: Dubai featured a broad cross-section of lots that Sotheby’s Ashkan Baghestani said “had the potential to appeal to the tastes and budgets of first-time collectors, heavyweight works aimed primarily at the institutional market, and a little bit of everything in between”.

The event, held on November 13 at the Ritz-Carlton in DIFC, and attracted bidders from 33 countries across five continents.

According to organisers there was a broad selection of regional interest.

“The strong sale result is testament to the exciting evolution of the market here in the UAE and the international focus that has reached an all-time high,” said Edward Gibbs, Sotheby’s Chairman for the Middle East.

The top lot was Ali Banisadr’s In Media Res, which was chased in an extended bidding battle by no less than six bidders to a final sum of $459,000 (Dh1.68m). The original estimate for this piece was between $200,000-300,000.

Check our photo gallery above for some of the other items that attracted strong interest.

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Read more:

A preview of Sotheby’s new auction Boundless: Dubai

Mario Testino's private collection at auction with Sotheby's

Sotheby’s office and gallery now open in Dubai

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