As we wrote last week, Friday marked Iran’s 3rd Annual Tehran Auction at Hotel Parsian Azadi in Tehran. By every account a phenomenal success, the Tehran Auction sold out the entire collection at an average of 83% above the high estimates! The auction achieved a total of 5.1 million dollars – almost double the amount achieved at last year’s auction.
It is a testament to the strength and vivacity of Iran’s contemporary art scene that the auction results have grown in such exponential, record-breaking numbers. Sohrab Sepehri’s Untitled (from the Tree Trunk series) sold for $680,000 dollars, Reza Derakhshani’s The Hunting Blue Sky for $227,000 dollars, and Mohammad Ehsai’s Love for $219,000 dollars, setting national records. Young and emerging artists such as Dana Nedaran, Shahriar Ahmadi, and Babak Roshani-Nejad also did exceptionally well. You can view the full auction results here.
Our very own director, Homa Taraji, was fortunate enough to be in Iran at the time and worked to support the auction. Scroll through her photos below, showing us behind the scenes at Tehran Auction 2014: