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Christie’s Dubai Scores High

Break of the Atom and Vegetal Life, 1962, Fahr El-Nissa Zeid

Yesterday, Christie’s Dubai saleroom hit two birds with one stone: the auction house established the highest price ever paid for a painting by a Middle Eastern artist and scored the highest watch sale in the region, as well.

The British market leader for contemporary art invited buyers and guests to attend the private sale of modern and contemporary Arab, Iranian, and Turkish art, and the re-launch of its Dubai Auction of Important Watches—a fine luxury watch auction, previously held several times between 2007 and 2011.

In the contemporary art auction, the painting Break of the Atom and Vegetal Life (dated 1962) by Turkish-Jordanian artist Fahr El-Nissa Zeid was sold for USD$2.74 million, making Zeid the highest valued female artist across the region.

The bidding for fine luxury watches also broke records and generated a total sale of more than USD$1.59 million, establishing it as the most successful watch auction ever held in the Middle East, with 85% of the buyers based in the region. The highest bid was USD$106,250 and for a Piaget wrist watch crafted from 18 Karat white gold and set with diamonds.

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