Date: October 27, 2010
CHRISTIE’S SALES SOAR IN DUBAI A RECORD YEAR FOR CHRISTIE’ DUBAI SALES OF CONTEMPORARY MIDDLE EASTERN ART IN 2010
TOTAL RESULT – $29 million 2009
TOTAL RESULT – $13 million REPRESENTS
117% INCREASE Christie’s, the world’s leading art business, announced that yesterday evening’s sale of International Modern and Contemporary Art in Dubai achieved $14,043,000 / AED 51,565,896, more than doubling the pre-sa le estimate of $6.7 million and confirming Christie’s market leadership in the region. The auction was 94% sold by value and 84% sold by lot. The buyer breakdown by lot was 60% from the Middle East, 28% from Europe, 10% from the Americas and 2% from Asia. The sale concludes a record year for Christie’s in contemporary Middle Eastern art, with an increase of 117 percent over 2009. See the Christie’s press release for more information: Christie’s Sales Soar in Dubai