Thursday, December 23rd, 2010

Sotheby’s Doha Auction ‘Hurouf: The Art of the Word’ Realises Above High Estimate, Total of $5.6 Million

December 18, 2010 by All Art News  
Filed under Art Market

DOHA, QATAR Sotheby’s ‘Hurouf: The Art of the Word’ Sale, the first-ever international auction entirely devoted to calligraphy, realised the outstanding total of $5,630,125 (QAR 20,500,765), in excess of the pre-sale high estimate of $5.5 million. The sale established sell-through rates of 72.5% by lot and 87.6% by value, and set 9 new records for artists at auction and benchmarks for 21 artists whose works have never before been offered in an international sale. 32% of the buyers were new [...]