Ahmed Moustafa

Where The Two Oceans Meet (Variant No 3)

Found at Christies, Dubai
International Modern & Contemporary Art at the Jumeirah Emirates Towers Hotel, Dubai, Lot 29
24. May - 24. May 2006
Estimate: 100.000 - 120.000 USD
Price realised: 284.800 USD
AHMED MOUSTAFA (EGYPT, B. 1943)
Where The Two Oceans Meet (Variant No 3)
signed in Arabic, inscribed, dated and dated again in Arabic 'Variant No 3 2001 1422' (upper right edge)
oil and watercolour on handmade paper
76 3/8 x 62¼in. (194 x 158cm.)
Painted in 2001

Upper estimate price exceeded by more than 100%

This artwork by Ahmed Moustafa achieved an unexpectedly high price at Christies in Dubai in May 2006. In the International Modern & Contemporary Art at the Jumeirah Emirates Towers Hotel, Dubai auction, the work Where The Two Oceans Meet (Variant No 3) sold for USD 284,800.00 (€ 221,927.84) - well above the upper estimate of USD 120,000.00. However, buyers have had to dig much deeper into their pockets for other works by Ahmed Moustafa - we have observed the highest auction result to date for the work The Night Journey And Ascension, which sold at auction in December 2010 for USD 842,500.00 (€ 634,938.58).

Oberer Schätzpreis um mehr als 100% übertroffen

Dieses Kunstwerk von Ahmed Moustafa erzielte im Mai 2006 bei Christies in Dubai einen unerwartet hohen Preis. In der Auktion International Modern & Contemporary Art at the Jumeirah Emirates Towers Hotel, Dubai wurde die Arbeit Where The Two Oceans Meet (Variant No 3) für USD 284.800,00 (€ 221.927,84) versteigert – und damit weit über dem oberen Schätzpreis von USD 120.000,00. Für andere Arbeiten von Ahmed Moustafa mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit The Night Journey And Ascension beobachtet, die im Dezember 2010 für USD 842.500,00 (€ 634.938,58) versteigert wurde.

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