A Patek Philippe watch once owned by Egypt's King Farouk has sold for $912,500 at a Christie's auction in Dubai, an official from the auction house said, setting a record for a watch sold in the Middle East.
A painting of Jesus Christ by the Renaissance polymath Leonardo da Vinci circa 1500, 'Salvator Mundi', is the star lot in New York's November art auctions, that will see Christie's and Sotheby's chase combined art sales of more than $1 billion.
A copy of a book by the famous 11th century Muslim physician, astronomer and philosopher, Ibn Sina, known as Avicenna in the West, will take the center stage in a London exhibition by Sotheby's — one of the world's largest art brokers.
Solar power in India fell to a record 3.30 rupees (5 US cents) a kilowatt-hour on Feb. 10 after a World Bank-backed auction helped the central Madhya Pradesh state tender 750 megawatts of power. The auction format, which included payment guarantees and was run by the state and central governments, could become a template fueling growth in other regions and bringing energy security to the world’s second-most-populous country, according to Bloomberg.
Building on the success of its $7.4 million spring auction of classic and modern Iranian art, Tehran Auction held a second sale on December 23 at the Espinas Palace Hotel in Tehran, offering a wide range of contemporary Iranian art by artists including Farhad Moshiri, Reza Derakshani, and Monir Shahroudi Farmanfarmaian, the latter of whom had a well-received Guggenheim show in 2015. Holding two sales in one calendar year marks a first for the house.
The leading auction house of Turkey, Antik A.S. announces Modern and Contemporary Art Auction in Istanbul which will take place on March 19. The sale will offer an important selection of works of art from the 20th century Turkish Art including a masterpiece by Fahrel Nissa Zeid, impressive works of Erol Akyavas, Burhan Doğançay, Abidin Elderoğlu, Ferruh Başağa, Mübin Orhon, Adnan Çoker, Abdurahman Öztoprak, İlhan Koman, Bedri Rahmi Eyüboğlu, Orhan Peker and Kemal Önsoy.
The fourth Tehran Auction has broken the all-time record of Iran’s art auctions thanks to the sale of a painting by Iranian renowned poet Sohrab Sepehri for over $845,000, which brought the total revenue of the sales to over $6.4 million.