FAIRFIELD-SUISUN, CALIFORNIA

Entertainment

Report: Tehran art auction has record high sales

By From page B6 | June 02, 2014

TEHRAN, Iran — Iran’s state-owned newspaper is reporting that an annual art auction in the country’s capital, Tehran, has seen double the sales as compared to last year.

The Sunday report by the IRAN daily newspaper said 90 paintings, sculptures and photographs by Iranian artists were sold for some $4.05 million. In 2013, 80 works sold for $2 million.

The most expensive piece sold was an oil painting by the late Iranian painter and poet Sohrab Sepehri, which fetched at some $550,000 from an unnamed bidder from Canada who made the purchase by phone.

Art has become an investment haven for the rich in Iran, whose economy has been battered by Western sanctions over its contested nuclear program.

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Please read our Terms of Service and Privacy Policy before commenting.

  • Recent Articles

  • Enter your email address to subscribe and receive notifications of new posts by email.

  • Special Publications »

    Use of this site constitutes acceptance of our Terms of Service (updated 4/30/2015) and Privacy Policy (updated 4/7/2015).
    Copyright (c) 2015 McNaughton Newspapers, Inc., a family-owned local media company that proudly publishes the Daily Republic, Mountain Democrat, Davis Enterprise, Village Life and other community-driven publications.