IFP Exclusive

Works of Art Fetch Over $3m at Tehran Auction

Items at an auction in the Iranian capital, Tehran, have sold for a record of over three million USD.

The sales at the tenth Tehran auction dedicated to the artworks of contemporary and modern artists fetched proceeds higher than those of all previous events, which shows the economy of arts in Iran is growing.

Some 113 works of art by 105 modern and contemporary artists went under the hammer at the auction. They sold for a record over three million USD. The figure was roughly up $300,000 compared to the previous auction.

This comes as the highest financial turnover in the global economy of arts belongs to classic and modern works of arts.

The artwork which fetched the highest price was one by Monir Farmanravayyan, which sold for about 36 thousand dollars. The second most expensive item was one by Hassan Zendehroodi. The highest bidder paid over $25,000 for it. And the so-called Birds statue by Bahman Mohases fetched over $24,000. Here are the photos of the event retrieved from Honaronline News Agency.

Fatemeh Askarieh

Fatemeh Askarieh is an Iranian journalist working on a range of fields including culture, art, lifestyle, cultural heritage, and tourism. She has been working with the Iran Front Page (IFP) Media Group for 10 years, and is currently the head of the Art and Lifestyle Department.

Recent Posts

“Iran Hamdel” campaign sends aid to Gaza amid war

Aid items donated by millions of Iranians within a national campaign, have reached the beseiged…

3 hours ago

Iranian deputy FM: Cooperation with Saudis serves as a successful model for fostering peace and security

Iran's Deputy Foreign Minister Majid Takht Ravanchi has said Iran and Saudi Arabia are committed…

3 hours ago

Official: Iran responds to IAEA resolution with increased nuclear enrichment capacity

Behrouz Kamalvandi, the spokesperson for the Atomic Energy Organization of Iran (AEOI), says the organization…

5 hours ago

Pictures: Demonstrators in Tehran support people of Gaza, Lebanon

Hundreds of people gathered in Tehran on Friday morning in front of the United Nations…

5 hours ago

Int’l lawyer: US plans to sanction countries cooperating with ICC on Netanyahu arrest

An international law expert and analyst has revealed the U.S. plans to impose punitive measures…

8 hours ago

Minister of science: 25% of Iranian university professors emigrated due to economic challenges

Iran’s Minister of Science, Research, and Technology, Hossein Simayee Saraf, addressed on Thursday academic migration…

8 hours ago