Last night, Azadi Hotel was host to the 5th edition of Tehran Auction where the best of Iranian art ranging from established and emerging artists were introduced to art collectors and global audience.
50 out of 80 presented artworks were ‘untiled’, which, considering the fact that modern artworks are usually untitled, this figure becomes meaningful while compared to the 18 classical works all with rather lengthy titles.
40 works, which makes 50 per cent of the auction, were by artists that had passed away.
One artwork failed to be sold. Only two works were hammered below their low estimates, while 31 works were sold at the estimated prices and 46 higher than estimates, which is considered a major success for Tehran Auction.
The works that held the highest price record at the 5th Tehran Auction include: two untitled artworks by Sohrab Sepehri (1928-1980) hammered at $985,200 and $509,020, a work by Manouchehr Yektai (b. 1922) at $482,748, artwork by Mahmoud Farshchian (b. 1929) hammered at $410,500, ‘Blue Dance’ by Mohammad Ehsai (b. 1939) and 'SAT+HE+SAT' by Hossein Zendehroudi (b. 1937) each were sold at $328,400.
The total proceeds of Tehran Auction 2016 stood at $8,328,880 which broke the record of last year’s $6,909,536.
The first of its kind in Iran, Tehran Auction was launched in 2012 as an independent and private initiative to support the domestic art market as a key basis for the international market.
MS/3669502
Your Comment