{"id":25212,"date":"2010-11-11T07:35:20","date_gmt":"2010-11-11T05:35:20","guid":{"rendered":"http:\/\/www.turkishforum.com.tr\/en\/content\/?p=25212"},"modified":"2023-04-15T19:16:24","modified_gmt":"2023-04-15T16:16:24","slug":"sale-of-modern-and-contemporary-turkish-art-at-antik-a-s-in-istanbul-totals-10-2-million","status":"publish","type":"post","link":"https:\/\/www.turkishnews.com\/en\/content\/2010\/11\/11\/sale-of-modern-and-contemporary-turkish-art-at-antik-a-s-in-istanbul-totals-10-2-million\/","title":{"rendered":"Sale of Modern and Contemporary Turkish Art at Antik A.S. in Istanbul Totals $ 10.2 Million"},"content":{"rendered":"

Sale of Modern and Contemporary Turkish Art at Antik A.S. in Istanbul Totals $ 10.2 Million<\/strong><\/p>\n

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ISTANBUL.- At Antik A.S. in Istanbul, the sale of Modern and Contemporary Turkish Art totals of $10,230,000 within the presale estimate of $7.2 million. Competition was fierce for many of the top lots, with multiple bidders participating. This resulted in more than 94% of the lots achieving prices at or above their starting prices. Mubin Orhon\u2019s monumental masterpiece dated 1962 was the top-selling lot in the sale, brought a remarkable 965,000 USD. It exceeded pre-sale estimation of 500,000 \u2013 700,000 USD. Further highlights of 263rd sale included Fahr El Nisa Zeid\u2019s oil on canvas, dated 1946-53 which was sold for 761,000 USD. Most expensive living Turkish artist Burhan Dogancay\u2019s \u201cDancing Ribbons\u201d brought 626,000 USD.<\/p>\n

Olgac Artam directed the 263rd sale of Antik A.\u015e. The sale room was crowded with collectors. New auction records were set for many Turkish artists, including Mehmet G\u00fclery\u00fcz\u2019s \u201cThe Fall\u201d which doubled the pre sale estimate and brought a remarkable 537,000 USD, In addition to Mehmet Guleryuz\u2019s world auction record, Alaettin Aksoy, Ne\u015fe Erdok and many other Turkish artists achieved auction records in the sale.<\/p>\n

Commenting on the strong Contemporary Art Sale results, Olgac Artam, auctioneer of the sale, said: \u201cWe are absolutely delighted with the results achieved for today’s sale of Contemporary Turkish Art. Participation of new collectors and young buyers sends a very positive message to the art market.\u201d Many other artists\u2019 works sold for record prices including Bedri Rahmi Eyuboglu, Sabri Berkel, Nese Erdok, Orhan Peker, Turan Erol, Adnan Coker, Omer Uluc, Asim Isler, Azade Koker, Gulay Semercioglu, Canan Tolon, Devrim Erbil and Haluk Akakce. \u201cThe collection that was offered at Antik A.S. sale was put together with great care and foresight,\u201d said Artam. \u201cThese works were bought from artists often at the early and the most wanted stages of their careers, which attracted a great deal of attention, buyer\u2019s knew that the lots were extraordinary\u201d<\/p>\n

Turkey\u2019s small but rapidly developing art market has seen paintings fetch record prices even during the worst times of the crisis due to overwhelming demand. Main buyers are collectors, private museums, investment funds and some individual buyers. According to experts, the Turkish art market was not greatly hurt by the crisis, instead fetching record prices due to a small market with high demand. The Turkish art market has won amazing returns for investors over the past few years, reaching its peak with the recent Antik A.S.\u2019s sales of Erol Akyavas\u2019s \u201cThe Siege\u201d for 1.274.000 EURO and Burhan Dogancay\u2019s \u201cSymphony in Blue\u201d for 1.260.000 EURO. The market has an estimated annual volume of $200 million right now, with the expected global interest, art experts are sure that this is just a beginning.<\/p>\n

Most famous Turkish Abstract artist Mubin Orhon\u2019s monumental masterpiece, dated 1962, fetched 965,000 USD<\/p>\n

Top Lots in Antik A.S. sale<\/p>\n

\u2022 Lot 104 Mub\u00fcn Orhon \u201cAbstract composition\u201d 965,000 USD (World Auction Record for the artist)<\/p>\n

\u2022 Lot 124- Fahr El Nisa Zeid \u201cAbstract composition\u201d sold for 761,000 USD<\/p>\n

\u2022 Lot 76- Burhan Do\u011fan\u00e7ay \u201cDancing Ribbons\u201d sold for 626.800 USD<\/p>\n

\u2022 Lot 79- Mehmet G\u00fclery\u00fcz \u201cThe Fall\u201d sold for 537,000 USD (World auction record for the artist)<\/p>\n

\u2022 Lot 91- Ne\u015fet G\u00fcnal \u201cScarecrow IV\u201d sold for 358,000 USD<\/p>\n

\u2022 Lot 77- Burhan Do\u011fan\u00e7ay \u201cBlossom\u201d sold for 277,500 USD<\/p>\n

\u2022 Lot 58- Selim Turan \u201cAbstract composition\u201d sold for 246.059 USD<\/p>\n

\u2022 Lot 81- Alaettin Aksoy \u201cHappiness\u201d sold for 179.092 USD<\/p>\n

(World auction record for the artist)<\/p>\n

\u2022 Lot 111- Adnan \u00c7oker \u201cPlans\u201d sold for 143.598 USD<\/p>\n

\u2022 Lot 115- \u00d6mer Ulu\u00e7 \u201cBlue Bird\u201d sold for 134.000 USD<\/p>\n

Sale results include buyer\u2019s premium+vat.<\/p>\n

Antik A.S\u00a0| Turkish Modern Art Sale\u00a0| Olgac Artam\u00a0|<\/p>\n","protected":false},"excerpt":{"rendered":"

Sale of Modern and Contemporary Turkish Art at Antik A.S. in Istanbul Totals $ 10.2 Million ISTANBUL.- At Antik A.S. in Istanbul, the sale of Modern and Contemporary Turkish Art totals of $10,230,000 within the presale estimate of $7.2 million. Competition was fierce for many of the top lots, with multiple bidders participating. This resulted […]<\/p>\n","protected":false},"author":83,"featured_media":25216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[846,2939],"tags":[],"class_list":["post-25212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-cultureart"],"_links":{"self":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/25212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/comments?post=25212"}],"version-history":[{"count":0,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/25212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media\/25216"}],"wp:attachment":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media?parent=25212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/categories?post=25212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/tags?post=25212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}