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Liz Dawson

DUBAI - Art Sale Totals $16.9 Million, Half Christie's Estimate

Posted on October 31, 2008 at 8:48 PM.

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Christie's International sold $16.9 million of paintings and jewels in a two-day sale in Dubai, below estimates, as falling oil and equity prices dented the boom in Middle East art.

The highlight, a trio of vast calligraphy works called ``Triptych (La Passion avec croix, ame et bagages, and triangle bigames)'' by Algerian artist Rachid Koraichi sold for $482,500, compared with a $400,000-$600,000 estimate.

Dubai Art Sale Totals $16.9 Million, Half Christie's Estimate (Bloomberg)

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