5th Tehran auction

9th Tehran Auction brings in $7.3 million

Financial Tribune- Sales at the Ninth Tehran Auction of Classic and Modern Iranian Art, presenting 80 prominent works, reached 313.7 billion rials ($7.36 million) on Friday at Persian Hotel Azadi with works of Sohrab Sepehri topping the sale.

The highest and lowest estimated values were for works from Siavash Kasraei and Sohrab Sepehri at 300 million rials ($7,000) and 60 billion Rls ($1.4m) respectively.

The auction began with an untitled painting of oil from Parviz Kalantari starting at $57,000 showing a desert landscape from central Iran and sold for $71,000.