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Christie's 2nd Contemporary Jewels & Watches sale in Dubai

04 Oct '07

2 min read

Christie's, the world's leading art business and auction house, has announced details of its third International Modern & Contemporary Art sale on 31 October and second auction of Contemporary Jewels & Watches on 1 November, to take place in Dubai, underscoring the buoyancy of the Middle East's art market and the company's leadership position within it.

The autumn sales are to be staged at Jumeirah Emirates Towers Hotel in Dubai during the evening of 31st October and 1st November, 2007.

“Christie's are proud to be the first auction house to have established a permanent presence in the Gulf and the announcement of our third series of sales, to be staged in Autumn 2007 in Dubai, further underline Christie's long-term commitment to, and dominant position in, the economically and culturally important Middle East region”, said Michael Jeha, Managing Director, Christie's Dubai.

These two auctions follow on from Christie's record-breaking sales earlier this year. The inaugural Contemporary Jewels and Watches auction on 31 January brought to Dubai for the first time, an outstanding selection from many of the most important jewellery and watch manufacturers of the 20th and 21st centuries, and exceeded all expectations with sales totaling $11,814,880 / AED 43,360,609.

1 February's art sale amassed 51 new artist records and set a sales figure of $9,417,560/AED 34,562,445. Middle Eastern and Asian artists had particularly strong sales with Yesteryear', a painting by UAE born artist Abdul Kadir Al-Raes, setting a world record price at auction of $262,400/AED 970,880 for his work.

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