Christie’s has announced that it will be launching a Part III online-only sales to coincide with Dubai’s Part I and Part II sales that will take place during the October 2013 auctions.
The auction house believes that the Part III sale is a natural progression to further develop the category of Arab, Iranian and Turkish Art in the Middle East. “We first introduced Christie’s LIVE* a real-time online bidding service, as an option for participating in our sales in 2007, just a year after our inaugural auction here in the region. At each of our regular sales since then we have seen this platform embraced by new buyers with 740 clients from over 40 countries registering to use Christie’s LIVE,” says Managing Director of Christie’s Middle East, Michael Jeha. “This April, our fourth highest selling lot was bought in this way by a collector transacting with Christie’s for the first time. This formula has been used successfully in our other sale centers, attracting 39 percent of all new buyers last year.”
The new, curated Part III online-only sale will include works comparable in quality to the well-established Part I and II sales of Modern and Contemporary Arab, Iranian and Turkish art. The sale will consist of around 50 lots with estimates ranging from $2,000 to $50,000, with an overall estimate of circa $400,000-600,000. It will run from 24 October, over the regular Dubai sales, scheduled for October 29 and 30, and remain open for bidding until 11 November 2013.
Christie’s Part I and II sales will be held on October 29 and 30 at the Emirates Towers Hotel in Dubai. For more information visit www.christies.com