October was an exciting time for CAF as we ventured across borders to take part in this years much acclaimed Christie’s Fine Art auction in Dubai. Support for CAF was unprecedented as we had a generous number of donated pieces from various up and coming artists; all works were sold raising a relatively substantial amount for our annual scholarship budget.
A considerate mention of CAF was made in the Post Sale Press Release:
‘This evening we are delighted to have added another $370,000, which will support two further charities: Caspian Art Foundation, which aims to help young students from the region to complete their postgraduate studies at the University of the Arts London’
Read the official press release on our blog.
Christie’s held the event at Dubai’s International Financial Center and the auction spanned two days; Part I was held on the 23rd October and the second part followed on the proceeding day. CAFs donated lots were all sold on the latter day which which proved to be the more successful day of the two; Part II realised an impressive $2,260,250 and the top lot sold for $170,500.
The top lot was the aesthetically pleasing, 1962 Louay Kayyali painting named the ‘The Strange Lady Arlette Arhoury’. To hear Hala Khayat – a specialist in modern and contemporary Arab, Iranian and Turkish Art – discuss the painting, click on the following link:
The auction was indeed a platform for new and upcoming Middle Eastern Artists; Part II saw 16 artists who had never been represented at auction before, sell within or above their highest estimates.