Auction house Christie’s, which marks its 10th anniversary and 20th sale season in Dubai this week, has sold over $300 million worth of art, jewellery and watches in the last 10 years, according to a top company executive.
Christie’s, based in London, held its first art auction in the Middle East in May 2006, selling $8.5 million worth of art. A painting by Iraqi artist Shakir Hassan Al Saeed, ‘The Peasant’, was sold for just over $30,000, three times its estimate of $10,000.
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Christie’s sales in Middle East top $300 million
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