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12/01/10

Magical Nights Auction Raises $1.1 Million For Charity

London based charity, Magic of Persia, are pleased to announce the sales figures from their 2010 Magical Nights auction in Dubai and Abu Dhabi, which amounted to an impressive $1.1Million.

Over 40 celebrated contemporary Iranian artists from both their home nation and the worldwide Iranian Diaspora donated artworks to go on sale as part of the Magical Nights silent and live auctions. The artists included the winner of the 2008 Abraaj Capital Art Prize, Nazgol Ansarinia; the collector and artist, Fereydoun Ave; and world famous Shirin Neshat and Y. Z. Kami, among many others. The live auction was conducted by world-renowned auctioneers Christie's on Saturday 6th November, with all proceeds going towards funding the many projects set up by the Magic of Persia charity. These include scholarships, educational workshops and bursaries for young, aspiring Iranians within the creative fields of film and visual arts.

Highlights from the 2010 Magical Nights live auction included two surprise lots by renowned Iranian artists Farideh Lashai and Iman Raad. Lashai's Ma Hame Shirim, Shiran- e Alam, Hamleman az Bad Bashad Dam be Dam was sold for a remarkable $75,000 - the highest fetching auction lot of the night. Rokni Haerizadeh's We Will Join Hands in Love and Rebuild Our Country more than doubled its starting bid selling for $42,000 and the MOP CAP 2009 winner, Mahmoud Bakhshi, returned from his acclaimed solo show at London's Saatchi Gallery to see his Khate Poolsaze Parsi sell for $26,000. Works by Amir Mobed, Sonia Balassanian and Ahmad Morshedloo were acquired by the Magic of Persia Art Fund.

For many contemporary Iranian artists their work has doubled in value over the past few years due to heavy bidding by Middle Eastern collectors. Increasingly, more westerners are also beginning to recognise the significance of this market (viewing Iranian art as part of the broader contemporary art market rather than a regional niche) and more buyers are being exposed to the works.

Magic of Persia continue their ongoing efforts to preserve and encourage the cultural heritage and new emerging talents from Iran and the worldwide Persian Diaspora.


www.magicofpersia.com

Magic of Persia (MOP), a non-profit, non-political charity registered in the UK and the USA, educates young people on the value and unique contribution of Persian culture to society. MOP achieves its mission through the development and promotion of education and communication programmes, in partnership with world-class institutions.

... Payvand News - 12/01/10 ... --



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