Ever since it set up shop in Dubai in 2006, Christie’s Middle East has been breaking records in the region. But its forthcoming sale looks set to smash its previous achievements.
With three parts – including a new online-only section and the return of the watches, which have been absent from the market here since 2010 – this is the biggest sale the auction house has hosted in the region.
It also contains the highest-priced lot ever to go under the hammer – Break of the Atom and Vegetal Life, a 1962 five-metre oil on canvas by Fahr El-Nissa Zeid that is estimated to fetch between US$3-4 million (Dh11-14.7m). The artist is the only woman from the Arab world to have cemented her name in the abstract art movement.
And if this painting is not enough to get one excited, there are plenty more on offer. Also in the sale are sister artworks to the two most prominent pieces Christie’s Middle East has ever sold.
Oh Persepolis II, a polished bronze monolith that commemorates the ceremonial capital of the Achaemenid Empire, is a monumental work that took Parviz Tanavoli 23 years to complete. The influential Iranian sculptor made Christie’s history in 2008 when The Wall (Oh Persepolis) sold for $2.8m, a price that is still the current world auction record for any Middle Eastern artist.
Abdulnasser Gharem, the former government worker whose 2011 work Dome sold for $842,500, establishing him as the most highly valued living Saudi artist, will present The Capitol Dome, a work created in 2012.
The five-metre sculpture is a 13:1 scale replica of the Capitol dome in Washington, propped up by a miniature version of Thomas Crawford’s 19th-century statue of the armed goddess Freedom who has a rope around her neck. Questioning the very notion of freedom and liberty in a politically unstable world, Gharem’s piece is almost certain to bring him yet more accolades.
“We have really high price tags this season because we have some really special pieces,” explains Hala Khayyat, the associate director and head of sales at Christie’s Middle East. “Gharem’s work for example is a foundational, institutional piece and the others are so important.”
Khayyat also points out the other highlights of Part One of the sale, set to take place on October 29.
They include a Safwan Dahoul triptych that comments on the social situation in Syria as well as following the artist’s consistent theme of dreams; Home Sweet Home by Farhad Moshiri, whose pop art makes a comment on the superficial layers of western culture clashing with the fundamentalism present in his native Iran; and La Lutte de l’Existence by the modern Lebanese artist Paul Guiragossian.
The latter, Khayyat explains, was acquired from the personal collection of the late artist’s family and is a veritable bargain at $600,000. “The reality is that if this piece doesn’t sell, it goes back to the family and no one will get it for less than a million,” she says. “There are only 15 of this size in the world.”
These are just some of the 30 most valuable works in the first part of the sale. Part Two, set to take place the following day, will add 112 works. The third part, the online sale, has 53 lots, completing the auction house’s 15th sale season in Dubai, not including the 50 watches in the sale open to the public at the Jumeirah Emirates Towers Hotel.
Also running concurrently with the auctions is a Christie’s Education four-day programme titled Introduction to the International Art Market. It is the first time that the educational arm of the auction house has come to Dubai, offering an exceptional opportunity to anyone interested in furthering their knowledge.
“This is actually a reply to a great demand that we have been receiving for the past six years,” says Khayyat. “Every time we have the sale, people come in and ask if we do courses on art history, so we are happy to introduce this programme.”
There are international speakers talking on subjects such as the structure of the art world, the power of the collector, how to value art and the “isms” of modern art, as well as studio visits and a gallery tour.
Khayyat says she attended a similar course in 2007 that changed her life. “Before that I was so into art but I had no direction. If people are really interested in buying, then eventually they need education.”
This season is the biggest and brightest yet for Christie’s and signifies what Khayyat calls a natural progression.
“After we have been doing sales for a few years, now we feel confident that there is a demand and there is traffic and people coming through so it is time to invest in them.”
• Christie’s Modern and Contemporary Arab, Iranian and Turkish Art takes place at the Jumeirah Emirates Towers Hotel on October 29 and 30 at 7pm. Christie’s Watch sale will take place on October 29 at 8pm and the online sale will run from Thursday until November 11
aseaman@thenational.ae
How the bonus system works
The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.
The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.
There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).
All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.
Racecard
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UAE's final round of matches
- Sep 1, 2016 Beat Japan 2-1 (away)
- Sep 6, 2016 Lost to Australia 1-0 (home)
- Oct 6, 2016 Beat Thailand 3-1 (home)
- Oct 11, 2016 Lost to Saudi Arabia 3-0 (away)
- Nov 15, 2016 Beat Iraq 2-0 (home)
- Mar 23, 2017 Lost to Japan 2-0 (home)
- Mar 28, 2017 Lost to Australia 2-0 (away)
- June 13, 2017 Drew 1-1 with Thailand (away)
- Aug 29, 2017 v Saudi Arabia (home)
- Sep 5, 2017 v Iraq (away)
Company%20Profile
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Film: In Syria
Dir: Philippe Van Leeuw
Starring: Hiam Abbass, Diamand Bo Abboud, Mohsen Abbas and Juliette Navis
Verdict: Four stars
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Ordinary Virtues: Moral Order in a Divided World by Michael Ignatieff
Harvard University Press
COMPANY%20PROFILE
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Company%20Profile
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THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
Fight card
Bantamweight
Siyovush Gulmamadov (TJK) v Rey Nacionales (PHI)
Lightweight
Alexandru Chitoran (ROM) v Hussein Fakhir Abed (SYR)
Catch 74kg
Tohir Zhuraev (TJK) v Omar Hussein (JOR)
Strawweight (Female)
Weronika Zygmunt (POL) v Seo Ye-dam (KOR)
Featherweight
Kaan Ofli (TUR) v Walid Laidi (ALG)
Lightweight
Leandro Martins (BRA) v Abdulla Al Bousheiri (KUW)
Welterweight
Ahmad Labban (LEB) v Sofiane Benchohra (ALG)
Bantamweight
Jaures Dea (CAM) v Nawras Abzakh (JOR)
Lightweight
Mohammed Yahya (UAE) v Glen Ranillo (PHI)
Lightweight
Alan Omer (GER) v Aidan Aguilera (AUS)
Welterweight
Mounir Lazzez (TUN) Sasha Palatnikov (HKG)
Featherweight title bout
Romando Dy (PHI) v Lee Do-gyeom (KOR)
COMPANY%20PROFILE%20
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MATCH INFO
Pakistan 106-8 (20 ovs)
Iftikhar 45, Richardson 3-18
Australia 109-0 (11.5 ovs)
Warner 48 no, Finch 52 no
Australia win series 2-0
Killing of Qassem Suleimani
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
More from Neighbourhood Watch:
Managing the separation process
- Choose your nursery carefully in the first place
- Relax – and hopefully your child will follow suit
- Inform the staff in advance of your child’s likes and dislikes.
- If you need some extra time to talk to the teachers, make an appointment a few days in advance, rather than attempting to chat on your child’s first day
- The longer you stay, the more upset your child will become. As difficult as it is, walk away. Say a proper goodbye and reassure your child that you will be back
- Be patient. Your child might love it one day and hate it the next
- Stick at it. Don’t give up after the first day or week. It takes time for children to settle into a new routine.And, finally, don’t feel guilty.
A list of the animal rescue organisations in the UAE
MATCH INFO
FA Cup final
Chelsea 1
Hazard (22' pen)
Manchester United 0
Man of the match: Eden Hazard (Chelsea)
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
The%20specs
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