Sotheby's is selling this rare 1910 work by Mahmoud Mokhtar: his university graduation project. Sotheby's
Sotheby's is selling this rare 1910 work by Mahmoud Mokhtar: his university graduation project. Sotheby's
Sotheby's is selling this rare 1910 work by Mahmoud Mokhtar: his university graduation project. Sotheby's
Sotheby's is selling this rare 1910 work by Mahmoud Mokhtar: his university graduation project. Sotheby's

A rare side of Mahmoud Mokhtar goes up for auction at Sotheby's


Melissa Gronlund
  • English
  • Arabic

Two rare Mahmoud Mokhtar works are being sold at Sotheby’s this month, bookending the Egyptian modernist’s life.

The first bronze, Arous El Nil (or Bride of the Nile), shows a woman with a Pharaonic headdress and scarab necklace looking to the side. It was made in the 1920s or 1930s and is the bust for the full-length sculpture that is in the collection of Paris's Centre Pompidou. The work has the art deco stylisation that the artist is now famous for, as well as his dexterity with Egyptian symbolism. Like many intellectuals of the period, Mokhtar returned to motifs, styles and subjects from Egypt's Pharaonic past to create a new identity for the nation as it broke free of colonialism.

The second is very different. Created when Mokhtar was only 19 years old, Ibn El Balad (1910) is a bronze sculpture of a young boy standing on a brick platform. Rather than the epic grandeur of his later work, this is sympathetic, even quirky; a quizzical expression rests on the boy's scrunched-up face, and his shoes are turned up in a cartoonish manner. The piece was Mokhtar's university graduation project at the Egyptian School of Fine Arts in Cairo.

Both works – here, 'Arous El Nil' (Bride of the Nile) – come from the collection of Hafez Afifi Pasha, an important Egyptian statesman and art patron. Sotheby's
Both works – here, 'Arous El Nil' (Bride of the Nile) – come from the collection of Hafez Afifi Pasha, an important Egyptian statesman and art patron. Sotheby's

"You don't find these early works very much," says Sotheby's specialist Mai Eldib. "You find the later period, where you see the marriage between the Pharaonic and the art deco aesthetic. But I feel, for me personally, that this naive, 1910 identity of Mokhtar is who he really was – before his Bernheim-Jeune exhibition [of 1930], before he did all he is now known for."

The work represents an anonymous boy in Cairo, but Eldib speculates on a potentially autobiographical cast; whether “it's actually an homage to himself – coming from the village to the big city in Cairo, trying to figure it all out”.

Both sculptures are from the collection of the aristocratic Hafez Afifi Pasha family. Afifi Pasha was a surgeon and statesman, and an important patron of artists and architects during the crucial period leading up to Egypt’s independence in 1956. He commissioned the architect Fathy Hassan for a workers' village on his vast farm on the outskirts of Cairo, in a social experiment of modern living that drew on traditional craft skills. He also used the farm to entertain lavishly, hosting none other than Umm Kulthum.

Afifi Pasha was also an enormous supporter of Mokhtar, funding the well-known Egypt Awakened (1920) sculpture, of a veiled Egyptian woman standing next to a sphinx, which now looks over Ramses Square in Cairo.

The surgeon's substantial art collection has been passed down via branches of his large family, and the two Mokhtar works coming to auction are from one of his granddaughters.

is Sotheby's putting them up at the 20th Century Art / Middle East 2021 sale, which will be open for online bidding from this Tuesday to Tuesday, March 30.

Ibn El Balad carries an estimate of £90,000-£110,000 ($125,000-$150,000) and Arous El Nil for £120,000-£180,000 ($166,000-$250,000). The figures are in line with the market for Mokhtar pieces, though Sotheby's will no doubt be looking for a repeat of its 2016 bonanza, when a 1931 version of one of Mokhtar's classic subjects, On the Banks of the Nile, sailed past its £120,000 ($166,000) estimate to reach £725,000 ($1 million).

Accurately dating Mokhtar's bronzes, which were made in several casts, continues to be a challenge. Despite his stature, the artist lacks a verified list of all his works. With this in mind, the Sotheby's team emphasised the work they did to establish the identity of these pieces, noting that both are mentioned in the authoritative book on the artist, The Sculptor: Mokhtar (1964), by Badr Eldin Abou Ghazi, and elsewhere.

Abou Ghazi names two owners for the first two Ibn El Balad casts, which were made in gypsum in a series of eight. These are Afifi Pasha and the feminist Huda Sha'arawi, who was a friend of the artist.

"It's so beautiful to have something from this part of Egypt's past life, this nostalgic Egypt that we all look back to," says Eldib, who lives in Cairo, of sifting through the documentation from Afifi Pasha's family. "Doing the research itself was so poignant and memorable."

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.

• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.

• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.

• Met Donald Trump at the White House and received his backing.

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Emirates exiles

Will Wilson is not the first player to have attained high-class representative honours after first learning to play rugby on the playing fields of UAE.

Jonny Macdonald
Abu Dhabi-born and raised, the current Jebel Ali Dragons assistant coach was selected to play for Scotland at the Hong Kong Sevens in 2011.

Jordan Onojaife
Having started rugby by chance when the Jumeirah College team were short of players, he later won the World Under 20 Championship with England.

Devante Onojaife
Followed older brother Jordan into England age-group rugby, as well as the pro game at Northampton Saints, but recently switched allegiance to Scotland.

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