The 19th Tehran Auction featured three pieces by two painters, Sohrab Sepehri and Sadegh Tabrizi. That marked the first occasion in the auction's eleven-year history that three artists' works were offered in a single evening.
The auction offered 90 works by 69 artists consisting of 83 paintings and 7 sculptures. A total of 82 works were sold, which makes it a %91 sold by lot, achieving a hammer price of %112 against the total low estimates.
Experts from Tehran Auction have valued the artwork, which was made in 2011 using the acrylic technique on canvas and measures 150 by 150 centimeters. It will be auctioned on January 26, 2024, at the Parsian Azadi Hotel, for 600 to 800 million Tomans, or approximately 11 to 15 thousand dollars.
Sadegh Tabrizi is one of the famous painters of Iran. His artwork sold in Tehran auction $ 55000 in July 2023 .
There are more live artists nowadays whose prices are skyrocketing, including well-known ones like Gerhard Richter, Damien Hirst, Jeff Koons, etc. Chinese painters have allegedly taken the lead from other artists from this perspective. It only takes a cursory glance at the price lists of European and American galleries to realise that many worldwide artists between the ages of 30 and 40 are selling their creations for crazy amounts of money.
It is uncommon for a Middle Eastern artist to exhibit seven works in various auctions over the course of seven months with 100% of his works selling, but Sadegh Tabrizi, an Iranian artist and one of the pioneers of Middle Eastern art, has accomplished this in recent months.
The 17th edition of the Tehran Auction setting a remarkable record with the sale of 100 art pieces worth more than 2.11 trillion rials (nearly $4.35 million).
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