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Sotheby's: Contemporary Art / DOHA Auction Analysis

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April 23, 2015

A pretty strong Sotheby’s auction of Contemporary Art has taken place on Tuesday, April 21, in Doha, the capital of Qatar. The total of 11 artists achieved record prices, with Christopher Wool’s work Untitled leading the way with a seven-figure price. Anish Kapoor, El Anatsui and Rudolf Stingel also recorded high numbers, and almost 77 percent of total 56 lots were sold (76.8 percent, 43 out of 56 lots). Sixteen of them were sold over high estimate (28.6 percent of total lots and 37.2 percent of sold lots), 20 were sold in range of estimated values (46.5 percent of sold lots), and only 7 lots were sold under low estimate (16.3 percent of sold lots). The total score of the auction was $6.11 million, which was $1.25 million lower than the sum of high estimates for sold lots, but $1 million higher than the sum of low estimates. This result was even pretty close to the sum of low estimates for all lots – sold and unsold ones ($6.17 million).

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The Individual Results at Sotheby's: Contemporary Art / DOHA

So, who was the star of Contemporary Art auction at Sotheby’s in Doha? Without a doubt, it was Christopher Wool and his Untitled work, which was sold for $1.1 million, and it had the highest estimated value as well – from $1,000,000 to $1,500,000. Anish Kapoor’s Untitled was sold for $850,000, or for $50,000 more than its low estimate, while El Anatsui’s Introvert was sold for $750,000, and was one of the rare artworks that were sold under low estimate ($800,000 – $1,200,000). Rudolf Stingel’s Untitled changed hands for $650,000, and this was the last lot that went over half a million, as the next one, Monir Farmanfarmaian’s A New Spring  was sold for $220,000 (it was estimated at $150,000 – $200,000). And now we come to the other winner of this auction, as Abdullah Qandeel’s work The Race was estimated at $20,000 – $30,000, and was sold for $220,000, or with staggering +633.3 percent difference between hammer price and high estimate. Ali Banisadr’s The Shrine also went over its high estimate, as it was sold for $190,000 (estimated at $100,000 – $150,000), as well as Ayman Baalbaki’s Al-Mulatham I (sold for $150,000, estimated at $80,000 – $120,000). Nejib Belkhodja’s Medina Entre Deux Orages (Medina Between Two Storms) went for low estimate at $150,000, while Kour Pour’s Love Child was sold for $130,000, or for $40,000 more than its high estimate. Farhad Moshiri’s I Got Sunshine changed hands for its low estimate at $120,000, Ramses Younan’s Untitled was sold for $110,000, while Abdulnasser Gharem’s Men At Work (Time Magazine Person Of The Year 2003: The American Soldier) and Wim Delvoye’s Dump Truck (Scale Model 1:6) went for $100,000 each, and these two were the last two lots that achieved price of $100,000+.

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Highs and Lows of Sotheby's: Contemporary Art / DOHA

Aside from “explosion” of Abdullah Qandeel’s The Race that we mentioned, Inji Aflatoun’s L’Or Blanc (White Gold) had +83.3 percent difference between hammer price ($55,000) and its high estimate ($30,000). The mentioned Kour Pour’s work Love Child had +44.4 percent, as well as Hatem El-Mekki’s Gendarme Français Arretant Un Patriote Tunisien (French Officer Arresting A Tunisian Patriot) (this one was sold for $65,000), while Abdulnasser Gharem’s Men At Work (Time Magazine Person Of The Year 2003: The American Soldier) had +42.9 difference. When we talk about and artworks that didn’t do well, Rachid Koraïchi’s Nedjma (The Four Seasons) (estimated at $250,000 – $350,000), Chant Avedissian’s Icons Of The Nile ($180,000 – $250,000) and Charles Hossein Zenderoudi’s Reçu…Cinq Sur Cinq (Loud And Clear) ($150,000 – $200,000) were the lots with highest estimated price that weren’t sold. Not many lots were sold for under low estimated price, and these three lots had the highest negative difference between their respective hammer prices and low estimates: Mohamed Ben Allal’s Aux Portes De La Medina (The Doors Of The Medina), that was estimated at $15,000 – $20,000, but was sold for $13,000 (-13.3 percent difference between hammer price and low estimate), Chaouki Choukini’s La Tragedie Arabe (-16.7 percent) and Assadour’s Figures In A Landscape (-20 percent).

Please, scroll down to see detailed info on every lot that was auctioned at Sotheby’s in Doha on Tuesday, April 21.

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Sotheby's: Contemporary Art / DOHA in Details

Total number of lots:56
Number of sold lots:43
Sold lots [%]:76.8
Number of sold lots over high estimate:16
Over high estimate (Total) [%]:28.6
Over high estimate (Sold) [%]:37.2
Number of sold lots in range of estimated values:20
In range of estimated values (Sold) [%]:46.5
Number of sold lots under low estimate:7
Under low estimate (Sold) [%]:16.3
Results were under estimate spread of [%]:30.4
Lot No.Artist NameArtwork NameLow Estimate $High Estimate $Hammer Price $Hammer High Estimate Difference [%]Hammer Low Estimate Difference [%]
2Wael ShawkyThe Cave: Amsterdam5000070000Not SoldNot SoldNot Sold
3Ahmed MaterGreen Antenna 150002000018000-1020
4Chant AvedissianIcons Of The Nile180000250000Not SoldNot SoldNot Sold
5Kour PourLove Child 700009000013000044.485.7
6Ali BanisadrThe Shrine10000015000019000026.790
7Vik MunizNympheas, After Claude Monet (Pictures Of Magazines 2)9000012000080000-33.3-11.1
8Monir FarmanfarmaianA New Spring 1500002000002200001046.7
9Ayman BaalbakiAl-Mulatham I800001200001500002587.5
10Mohamed EhsaiMohabbat (Kindness)100000150000Not SoldNot SoldNot Sold
11Abdulnasser GharemMen At Work (Time Magazine Person Of The Year 2003: The American Soldier) 500007000010000042.9100
12Anish KapoorUntitled 8000001200000850000-29.26.3
13Nejib BelkhodjaMedina Entre Deux Orages (Medina Between Two Storms)150000200000150000-250
14Farhad MoshiriI Got Sunshine120000180000120000-33.30
15Abdullah QandeelThe Race2000030000220000633.31000
16Christopher WoolUntitled 100000015000001100000-26.710
17Shirin NeshatOverruled80000120000Not SoldNot SoldNot Sold
18Manal Al DowayanA Hand Claps A Hand Waves Ii1000015000Not SoldNot SoldNot Sold
19Hassan HajjajClassic Saida1500020000Not SoldNot SoldNot Sold
20Musaed Al HulisDynamic 1000015000Not SoldNot SoldNot Sold
21Rudolf StingelUntitled600000800000650000-18.88.3
22Charles Hossein ZenderoudiReçu...Cinq Sur Cinq (Loud And Clear)150000200000Not SoldNot SoldNot Sold
23Etel AdnanI. Apollo 10 Ii. Apollo 11 [Two Works]180002500026000444.4
24Ramses YounanUntitled (Abstract)40000600008500041.7112.5
25Hatem El-MekkiGendarme Français Arretant Un Patriote Tunisien (French Officer Arresting A Tunisian Patriot) 35000450006500044.485.7
26Farhad MoshiriUntitled100000150000Not SoldNot SoldNot Sold
27Yousef AhmadThe Emergence Of The Letter 200003000020000-33.30
28El AnatsuiIntrovert8000001200000750000-37.5-6.3
29Bharti KherI'M Going This Way 70000100000Not SoldNot SoldNot Sold
30Aaron YoungArc Light (Moscow, Quadriptych)350004500035000-22.20
31ShaweeshCaptain America (The Refugees) 700010000120002071.4
32Walid Ra'AdScratching On Things I Could Disavow (Parts 2-5)40000600007000016.775
33Wim DelvoyeDump Truck (Scale Model 1:6)100000150000100000-33.30
34Diana Al-HadidUntitled 10000150009500-36.7-5
35Shirazeh HoushiaryUntitled200003000025000-16.725
36Gulay SemerciogluSharp Edge300004000030000-250
37Aref El RayessEspace Homme, Machine Dans La Fantaisie Orientale (Man Space, Machine From Orientale Fantasies; From The Human, Time, Machine Series) 3000040000480002060
38Gouider TrikiUntitled 6200003000020000-33.30
39Nabil NahasColor Blind50000700009500035.790
40Abderrazak SahliUntitled (Number 11)2500035000Not SoldNot SoldNot Sold
41Ahmed AlsoudaniUntitled 700009000070000-22.20
42Dia AzzawiThe Bird Of The East 600008000080000033.3
43Rachid KoraïchiNedjma (The Four Seasons) 250000350000Not SoldNot SoldNot Sold
44Farid BelkahiaUntitled 40000600007000016.775
45AssadourFigures In A Landscape 200003000016000-46.7-20
46Chaouki ChoukiniLa Tragedie Arabe 600008000050000-37.5-16.7
47Ramses YounanUntitled 600008000011000037.583.3
48Mahjoub Ben BellaUntitled 500007000055000-21.410
49Mohamed Abo Khalil LotfyUntitled 100001500011000-26.710
50Bahman MohassesUntitled 8000010000080000-200
51Mahmoud Hammad'Dad' (Letter D)300004000028000-30-6.7
52Moulay Ahmed DrissiMarabout400006000045000-2512.5
53Abdelaziz GorgiJoueurs De Chkoba; Veillée Du Ramadan (Chkoba Players; Eve Of Ramadan)300004000035000-12.516.7
54Mohamed Ben AllalAux Portes De La Medina (The Doors Of The Medina)150002000013000-35-13.3
55Jalel Ben AbdallahLes Femmes Du Desert (Women Of The Desert)250003500026000-25.74
56Inji AflatounL'Or Blanc (White Gold)20000300005500083.3175
57Chaibia TallalLa Mélancolie (Melancolia) 2000025000Not SoldNot SoldNot Sold
TOTAL:617000088600006112500-31-0.9
TOTAL (Sold lots):511000073600006112500-16.919.6

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Sotheby's
Shirin Neshat – Overruled, 2012 (Lot 17)
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Anish Kapoor – Untitled, 2008 (Lot 12)
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Dia Azzawi – The Bird Of The East, 1981 (Lot 42)
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Ahmed Mater – Green Antenna, 2010 (Lot 3)
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Bahman Mohasses – Untitled, 1970 (Lot 50)

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Ramses Younan – Untitled, 1945 (Lot 47)

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Christopher Wool – Untitled, 1987 (Lot 16)
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Wim Delvoye – Dump Truck (Scale Model 1-6), 2011 (Lot 33)
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Ahmed Alsoudani – Untitled, 2009 (Lot 41)
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Mohamed Ehsai – Mohabbat (Kindness), 2006 (Lot 10)
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Chant Avedissian – Icons Of The Nile, 1991-2010 (Lot 4)
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Rachid Koraïchi – Nedjma (The Four Seasons), 2009 (Lot 43)

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Farhad Moshiri – Untitled, 2003 (Lot 26)

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Ayman Baalbaki – Al-Mulatham I, 2008 (Lot 9)
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El Anatsui – Introvert, 2012 (Lot 28) (2)
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Aref El Rayess – Espace Homme, Machine Dans La Fantaisie Orientale…, 1964 (Lot 37)
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Farid Belkahia – Untitled, 1981 (Lot 44)
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Rudolf Stingel – Untitled, 2001 (Lot 21) (2)
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Wael Shawky – The Cave – Amsterdam, 2005 (Lot 2)
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Vik Muniz – Nympheas, After Claude Monet (Pictures of Magazines 2), 2013 (Lot 7)
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Ali Banisadr – The Shrine, 2011 (Lot 6)
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Charles Hossein Zenderoudi – Reçu…Cinq Sur Cinq (Loud And Clear), 1977 (Lot 22)
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Bharti Kher – I’m Going This Way, 2006 (Lot 29)
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Inji Aflatoun – L’or Blanc (White Gold), 1963 (Lot 56)
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Nabil Nahas – Color Blind, 1998 (Lot 39)
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Abdullah Qandeel – The Race, 2014 (Lot 15)

Featured images: – Ramses Younan – Untitled (Abstract), 1965 (Lot 24) (detail) – Diana Al-Hadid – Untitled, 2010 (Lot 34) – Nejib Belkhodja – Medina Entre Deux Orages (medina Between Two Storms), 1982 (Lot 13) – Farid Belkahia – Untitled, 1981 (Lot 44)

Also in slider: – Farhad Moshiri – I Got Sunshine, 2011 (Lot 14) (detail) – Jalel Ben Abdallah – Les Femmes Du Desert (Women Of The Desert), c. 1980 (Lot 55) (detail) – Monir Farmanfarmaian – A New Spring, 2007 (Lot 8) (detail) – Abdulnasser Gharem – Men At Work (Time Magazine Person Of The Year 2003 – The American Soldier), 2011 (detail) – Kour Pour – Love Child, 2010 (Lot 5)

All images courtesy of Sotheby’s.