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Market Analysis: Modern & Contemporary Middle Eastern and North African Art Auctions 2022

  • Analyst: Lindsay Dewar
  • Pages: 38
  • Access: Analyst
The MENA Modern and Contemporary Art Market continues to grow

The MENA Modern & Contemporary art auction market grew by 8% from 2021 to 2022, with total sales of $28 million. However, the number of lots sold saw a decrease of 11% in 2022.

About this report:

This newly configured edition of this ArtTactic report provides a unique insight into Middle Eastern and North African Modern and Contemporary artists whose work has been sold at auctions at Sotheby’s, Christie’s, Phillips, Bonhams, Tehran Auction, Piasa and Strauss & Co from 2015 to 2022. Sales locations include London, New York, Hong Kong, Paris, Milan, Dubai, Doha, Tehran, Johannsburg and Cape Town. 

Close to 7,000 lots and nearly 1,200 artists were analysed, across dedicated Middle Eastern and North African sales, Impressionist, Modern, Post-War and Contemporary marquee, evening, day and incubator sales, dedicated Photography and Prints and Editions sales, as well as dedicated Modern and Contemporary African auction sales and continental African auctions. This analysis only include artist born in the Middle East and North Africa, and not artists of Middle Eastern and North African descent.

Who is it for?

This report is popular among art advisors, auction houses and collectors of emerging art sectors who want to get an overall feel for the current market trends, yet an in-depth view into some of the key current sales dynamics in the modern and contemporary Middle Eastern and North African art auction market.

Analytical tools:
Comparable Performance: Modern & Contemporary Middle Eastern and North African art auction sales performance comparison between Christie’s, Sotheby’s, Phillips, Bonhams and Tehran Auctions including: Total sales, Average Prices and Market Share.
Auction Overview Dashboards: Auction breakdown by price brackets, gender, country of origin, medium and living vs. deceased artists.
Top Prices: Ranking by the highest prices achieved and by top price-to-estimate performance.
Country Sector Analysis: Breakdown of auction sales by artists’ country of origin for Christie’s, Sotheby’s, Bonhams and Tehran Auctions sales.
FOCUS SECTIONS: Top 10 Artists, Women Artists, and Young Contemporary artists (under 45 years old).