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Tuesday, May 18, 2021

Multi-million dollar items go up on display ahead of Qatar auction

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All photos by Chantelle D’mello

A collection of expensive international art pieces, jewelry and work from around the region has gone up on display at Katara Cultural Village ahead of Sotheby’s latest auction in Qatar.

The international auction house, which netted $8 million in sales and broke several records last October, will hold its next contemporary art auction on April 21.

Among the pieces on display for public viewing at the Katara Art Studios (Building 5) is one of the world’s most expensive pieces of jewelry, an 100-carat diamond ring.

The emerald-cut diamond is estimated to cost between US$19 to 25 million.

Sotheby's April 2015 Auction piece
Sotheby\’s April 2015 Auction piece

In addition to the 100-carat diamond, several crowns and tiaras previously owned by Mary, the Duchess of Roxburghe and the Earl of Mar and Kellie are up for auction, along with several Cartier masterpieces.

The latter includes a 25.59 carat extremely rare Burmese ruby set in a Cartier ring. The stone, described as “pigeon-blood” red, is estimated to cost some $12 to $18 million, and is expected to beat the 100-carat diamond’s sale in terms of dollars per carat.

Other jewels, rings, necklaces, and brochures, including a 1920 Cartier Baron de Rothschild necklace made from Kashmiri sapphires and emeralds, and inspired by Mughal architecture, are also on sale.

Artwork

This month’s auction will also contain pieces from several international artists, including American Christopher Wool’s $1 to 1.5 million black and white piece, Untitled.

The bold, graphic painting was created using paint rollers incised with floral designs that were then transferred onto an aluminum canvas.

Anish Kapoor artwork
Anish Kapoor artwork

It is on display along with a large reflective disc by British-Indian sculptor Anish Kapoor’s $800,000 to $1.2 million.

Famous regional artists Shirin Neshat and Ali Banisadr, both of whom broke records at Sotheby’s last sale, are also represented at the upcoming auction.

Iranian-born artist Neshat’s three-channel video installation OverRuled is on display, appraised at $80,000 to $230,000, along with Banisadr’s The Shrine, valued between $100,000 to $150,000.

Of the more intricate pieces is Dump Truck by Wim Delvoye, a Belgian neo-conceptual artist.

The everyday dump truck is reimagined as a scaled lasercut stainless steel moving gothic cathedral, complete with ornate windows, buttresses and spires, and is expected to fetch between $100,000 to $150,000 at the upcoming auction.

Yousef Ahmed artwork
Yousef Ahmed artwork

Also on display is a piece by Qatari artist Yousef Ahmed, whose exhibition Story of Ingenuity is currently open at the nearby Qatar Museums gallery adjacent to the Katara amphitheatre.

His piece, The Emergence of the Letter, which features hundreds of tightly coiled palm leaf paper scrolls, is estimated to sell for $20,000 to $30,000.

Chant Avedissian artwork
Chant Avedissian artwork

Another notable piece on display is Egyptian artist Chant Avedissian’s $180,000 to $250,000 work Icons of the Nile.

The work, featuring famous Egyptian poets, artists and politicians in pop-icon-like renditions, is an abridged version of Avedissian’s larger 120-part work, created between 1991 to 2010, which sold at a Sotheby’s exhibition two years ago for $1.6 million.

The display will be open to the public until the auction on April 21. Thoughts?

16 COMMENTS

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Yacine
Yacine
6 years ago

This is pretty much the same as the plate numbers auction, in terms of futility. The only difference is that in this one you get something that is hugely overpriced. In the numbers auction you do not get anything.

CLGourmet
CLGourmet
6 years ago
Reply to  Yacine

Ah, but you get a number.

al-Lalal
al-Lalal
6 years ago
Reply to  Yacine

You get a plate number that is easy to remember.

Yacine
Yacine
6 years ago
Reply to  al-Lalal

And that is exactly what I said: nothing. 🙂

FactCheck
FactCheck
6 years ago
Reply to  Yacine

You get a plate number which has a value. People all over the world buy gold, which is nothing other than a shiny metal.

Yacine
Yacine
6 years ago
Reply to  FactCheck

No. Gold is a rare material and is, more importantly, the basis of currency, at least until the 1950s. It is also used in several products because of its specifications. Seriously, are you comparing car number plates to gold? 🙂

FactCheck
FactCheck
6 years ago
Reply to  Yacine

Gold is a shiny metal, it’s only valuable because we think it is. All goes down to supply and demand, basics of economics.

FactCheck
FactCheck
6 years ago
Reply to  Yacine

Why wouldn’t I compare two things with value that are trade-able ?

The Reporter
The Reporter
6 years ago

Not sure how many in the Industrial Area have an internet connection so maybe it would be an idea to distribute flyers ‘cos it would be pretty unfair if the workers missed out on the chance of bidding.

FactCheck
FactCheck
6 years ago
Reply to  The Reporter

Many in the Industrial Area have internet connection.

Bling
Bling
6 years ago
Reply to  FactCheck

on mobile..

AnonymityBreedsContempt
AnonymityBreedsContempt
6 years ago

Even though this stuff is selling for “inflated” prices (how can subjective values be inflated?), it is still some really interesting art and worth checking out.

D-Man
D-Man
6 years ago

I think the ”Dump Truck” is particularly rubbish.

D-Man
D-Man
6 years ago
Reply to  D-Man

Pun intended.

taurz
taurz
6 years ago

If you have money lying around, and you have no idea what to do with it, this is for you. Its the same everywhere in the world, not just in Qatar. When you’re talking in millions and billions, a few hundred thousands (give or take) wouldn’t matter. 🙂

Coco
Coco
6 years ago

That “large reflective disc” is just…wow. I think i can do a replica with some hexagon shaped mirrors from Ikea. I’ll charge only 300k negotiable (beat that)! If interested drop me a line 😉

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