Sothebys Islamic Art Auction Beats Pre-Sale Estimate
Published April 23rd, 2007
Sotheby’s sold 4.6 million pounds ($8.8 million) of Islamic art, almost a quarter more than the pre-sale estimate.
The most expensive item at the April 18 auction was an Ottoman silk, velvet and metal thread calligraphic band, which sold for 311,200 pounds, more than twice the initial estimate, Sotheby’s said in e-mailed statement on the day of the sale.
Increasing interest in Islamic, Arab and Indian art has prompted the world’s largest auction houses, including Sotheby’s, Christie’s International and Bonhams, to set up offices in the Middle East.
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