The XXVI Tehran Auction, dedicated to modern and contemporary Iranian art, achieved total sales exceeding $4.6 million. Parviz Tanavoli's sculpture 'Hich' was sold as the most expensive piece in the history of this auction.
The event took place on October 16 at the Parsian Azadi Hotel in Tehran. The auction featured 100 works by 93 modern and contemporary Iranian artists, demonstrating the diversity of artistic expression and the sustained value of the Iranian art scene, according to Honaronline.
The initial estimated value of all presented works was $2.941 million. However, due to intense competition among buyers, all one hundred pieces were sold, generating total revenue of $4,603,500.
The most expensive item at the auction was Parviz Tanavoli's bronze sculpture 'Hich'. Its starting price was $750,000, and the final sale price reached $1.77 million, breaking the sales record of all previous Tehran Auctions.
Following Tanavoli's work, the second place was held by Monir Farmanfarmajani's untitled mosaic. This piece had a starting price of $377,000 and sold for $461,538, setting the second-highest record in the auction's history.
The third significant piece in the Iranian art market belonged to Kourosh Shishegaran, titled 'Inside and Outside'. Its starting price was set at $204,000, and it sold for $252,800.
Among other artists whose works were presented at the auction and who showed high results, notable names include Abgolasem Saeedi, Mohammad Ehsaei, Hossein Zenderoudi, Mansour Ghandriza, Aydin Aghdashloo, Faride Lashai, Vahed Hakdani, Manouchehr Yektaee, Masoudeh Arabshahi, Sadegh Tabrizi, and Shahriar Ahmadi.
The Tehran Auction, being the first event of its kind in Iran, was launched in 2012 as an independent private initiative. Its goal was to present the best examples of Iranian art to collectors and a global audience, covering both established and emerging Iranian artists.
The auction aims to satisfy the growing interest in modern and contemporary Iranian art and provide a reliable way to acquire quality works.