• 'The Interpreter' by Hayv Kahraman (2016). All Photos: Christie's Dubai
    'The Interpreter' by Hayv Kahraman (2016). All Photos: Christie's Dubai
  • 'Mirror Ball' by Monir Shahroudy Farmanfarmaian (circa 1970).
    'Mirror Ball' by Monir Shahroudy Farmanfarmaian (circa 1970).
  • Mahmoud Saïd's 1948 seascape 'Les falaises-la baie à Marsa Matrouh (esquisse)'.
    Mahmoud Saïd's 1948 seascape 'Les falaises-la baie à Marsa Matrouh (esquisse)'.
  • 'Angelus II-1' by Kamal Boullata (2017).
    'Angelus II-1' by Kamal Boullata (2017).
  • 'Hollyland' by Hazem Harb (2019).
    'Hollyland' by Hazem Harb (2019).
  • 'Evolution of Man' by Ahmed Mater (2010).
    'Evolution of Man' by Ahmed Mater (2010).

Demand for Middle Eastern art is soaring as Christie's sale tops $3 million


Razmig Bedirian
  • English
  • Arabic

Demand for artworks from across the Middle East is on the up.

Christie’s announced a live auction and online sale of regional modern and contemporary art brought in more than $3 million last week, with several sales far exceeding initial estimates.

The top lot of the sale was Broken Land by Iranian artist Ali Banisadr, which sold for £415,800 against a low estimate of £250,000.
The top lot of the sale was Broken Land by Iranian artist Ali Banisadr, which sold for £415,800 against a low estimate of £250,000.

The live auction was held in London last Wednesday; its online counterpart ran for three weeks and closed the day after. The top lot of the sale was Broken Land by Iranian artist Ali Banisadr, which sold for $477,000 against a low estimate of $286,000. Kamal Boullata’s Angelus II-I sold for almost $29,000, marking a new auction record for the Palestinian artist.

Two works by Egyptian painter Mahmoud Said were offered in the live auction, including the 1948 seascape Les falaises-la baie a Marsa Matrouh (esquisse), which the artist gave to his niece Queen Farida in the late 1940s. The painting was estimated to fetch between $80,000 to $115,000, and sold for more than $180,000. A 1919 work Le Nil a Louxor (Chadouf) by Said, meanwhile, brought in almost $70,000.

Paysage by Lebanese artist Etel Adnan sold for $159,000, while No 224 by Palestinian artist Samia Halaby fetched $217,000.

'Evolution of Man' by Ahmed Mater (2010). Photo: Christie's Dubai
'Evolution of Man' by Ahmed Mater (2010). Photo: Christie's Dubai

The lot also included works by Saudi artist Ahmed Mater, Iraqi artist Hayv Kahraman and Egyptian-Armenian artist Chant Avedissian. Many of the artworks were presented at an exhibition at Christie’s Dubai in September. A curated selection was also on view during Christie's London Frieze Week.

The exhibitions are likely to have helped garner international exposure for the works and bolster auction results, with the winning bidders comprising private collectors and institutions from 15 countries, including the UAE, US, UK and France. Christie’s says that 25 per cent of those participating in the auction were new clients.

“There is a much larger volume of people that are interested in art for the Middle East, internationally,” Suzy Sikorski, associate specialist of Middle Eastern Art at Christie's, says. “New people are coming in and are paying top dollar for some of these works. That was very exciting to see, the fact that there are new names in the market.”

These include international clients with little relation to the region, as well as a few institutions from the region, Sikorski says, without divulging any names.

This is the sixth year the autumn auction has been offered and the first live iteration since 2019. Sikorski says that the fact that several prices from this year’s lot exceeded initial estimates is indicative of a steadily rising demand for modern regional art, as well as more contemporary works.

“There is a mature collecting taste coming from collectors that have historically been looking at Middle Eastern art, where certain collectors have a vision of which era to focus on," she says. "But I think what’s important also is that a lot of these top value artworks are also coming from contemporary artists, which is really exciting to see. There are many collectors who are already aware, who have already had seen these works and followed them.”

Sikorski says certain sale prices, such as Boullata’s Angelus II-I, is also a sign that often overlooked names are finally getting their due attention.

“He’s a very important Palestinian artist,” she says.

'Angelus II-I' by Kamal Boullata (2017). Photo: Christie's Dubai
'Angelus II-I' by Kamal Boullata (2017). Photo: Christie's Dubai

Another key work sold was by Tunisian artist Hedi Turki (Plaine Fertile), who “might not have had that moment yet,” Sikorski says.

Renowned contemporary names like Ali Cherri — who had the Silver Lion award at the Venice Biennale were also featured in the lot. “He is someone that, again, is very much international — I think having those fresh young artists that are well known and respected internationally is another aspect that is slowly going to be expanding prices.”

Sikorski says there was also special focus devoted to more affordable pieces, to entice budding collectors or those still peeking into the region’s art history.

“There were many new clients that were eager to learn, many who are maybe making their first purchases from the Middle East. We have this pocket who are investing £15,000 ($17,200) or less to get their feet wet, which makes the auction seem less intimidating than they might think.”

Dr Ridha Moumni, deputy chairman of Christie’s Middle East concluded: “This year, Christie's presented a quality of artworks reflecting the diversity and creativity of the Middle East.

"We are delighted with the success of the sale and the acquisition by both private collectors and institutions from the curated selection that included significant works from Iran, Lebanon, Egypt, Saudi Arabia, and the Maghreb. We will ensure significant upcoming sales of modern and contemporary artworks and develop the category to meet the growing interest in the art of the region, regionally and internationally.”

Scroll through images of Islamic and Indian works Christie's displayed in Dubai earlier this year below

  • The exhibition will be on show at Christie’s DIFC until October 3. All Photos: Christie's
    The exhibition will be on show at Christie’s DIFC until October 3. All Photos: Christie's
  • 'Portrait of Henrietta Maria' (1636) by Sir Anthony van Dyck.
    'Portrait of Henrietta Maria' (1636) by Sir Anthony van Dyck.
  • A Kashan Luster, turquoise and cobalt blue star tile depicting a camel with a saddle, from Iran. It was made in the later 13th and early 14th centuries.
    A Kashan Luster, turquoise and cobalt blue star tile depicting a camel with a saddle, from Iran. It was made in the later 13th and early 14th centuries.
  • 'Etalon Anglo-Arabe' by Theodore Gericault.
    'Etalon Anglo-Arabe' by Theodore Gericault.
  • Rare Royal Mughal Pashmina Carpet, Northern India.
    Rare Royal Mughal Pashmina Carpet, Northern India.
  • The carpet dates back to 1650.
    The carpet dates back to 1650.
  • 'The First Kiss of the Sun' (1886) by Jean-Leon Gerome.
    'The First Kiss of the Sun' (1886) by Jean-Leon Gerome.
  • A Kufic Quran section from one of the from one of the earliest examples of Quran production.
    A Kufic Quran section from one of the from one of the earliest examples of Quran production.
  • The Kufic script on vellum pages from one of the earliest examples of Quran production.
    The Kufic script on vellum pages from one of the earliest examples of Quran production.
  • 'A White-Eared Bulbul' (1620) by Reza Abbasi from Safavid Isfahan, Iran.
    'A White-Eared Bulbul' (1620) by Reza Abbasi from Safavid Isfahan, Iran.
  • Iznik Slipware pottery jug from Ottoman Turkey, 1570.
    Iznik Slipware pottery jug from Ottoman Turkey, 1570.
  • Intricate details of the jug.
    Intricate details of the jug.
  • A painting from the Ludwig Haboghorst collection Attributed to Govardhan, Mughal India, 1605.
    A painting from the Ludwig Haboghorst collection Attributed to Govardhan, Mughal India, 1605.
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Abu Dhabi Harlequins 36 Bahrain 32

 

Harlequins

Tries: Penalty 2, Stevenson, Teasdale, Semple

Cons: Stevenson 2

Pens: Stevenson

 

Bahrain

Tries: Wallace 2, Heath, Evans, Behan

Cons: Radley 2

Pen: Radley

 

Man of the match: Craig Nutt (Harlequins)

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“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

This is then injected into the body.

"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

"You have to be exposed more than one time to what we call the antigen."

The vaccine should offer protection for at least months, but no one knows how long beyond that.

Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

“Since it is inactivated, it will not last forever," she said.

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If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

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4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

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10. Substance and CbC reporting focus

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