Art Investment

Painting Egyptian artist set a record at auction

The work of Mahmoud Said called "well sweeps," was sold for 2.43 million dollars in Estima 150-200 thousand, and became the most expensive piece of contemporary Arab art

picture of the Egyptian artist Mahmoud Said (Mahmoud Said) has brought at auction Christie's 2,43 million dollars and became the most expensive piece of contemporary Arab art from all that has ever appeared at a public auction. The auction was held on April 27 in Dubai.

Estimeyt paintings, which is called "well sweeps," amounted to 150-200 thousand dollars. The work was created in 1934. The previous owner was its Mohammed Said Farsi (Mohammed Said Farsi), former mayor of Jeddah (Saudi Arabia). His collection of contemporary Egyptian art, numbering several hundreds of works, is considered one of the best in the world. Said Farsi also known as the patron of the arts: when he was mayor he was ordered by famous artists such as Joan Miro ( JoanMiró ) and Henry Moore (Henry Moore), the monumental sculpture for the city museum in the open. At Christie's had put up 25 pieces from his collection, including five paintings Said (1897-1964), which is considered the first in Egypt, Art Nouveau painter.

auction brought a total 8.7 million dollars, with Estima 1.7 million. Among the top lots - sculpture Iranian artist Parviz Tanavoli (Parviz Tanavoli, p. 1937) entitled "The Poet and the cell. She went for 1.02 million dollars in the evaluation of 300-400 thousand. Thus, the second from all works of Tanavoli overstepped million mark at auction, and the first time it happened in April of 2008, when his work "The Wall (Oh Persepolis)" was sold for a record for contemporary art in the Middle East 2.84 million.

Sources: bloomberg.com , artinvestment.ru


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