Tehran Auction’s listed on three art market platforms
Tehran Auction’s data has been registered on three prominent platforms: Artprice, Artnet, and Artsy.
This milestone follows a decade of consistent efforts to enhance the visibility of Iranian art and establish a balance in the pricing of works by prominent Iranian artists on the global stage, IRNA wrote.
With an objective to showcase Iranian artists to collectors worldwide, Tehran Auction has finally achieved its goal. The auction’s data, now accessible on these major platforms, allows global art collectors to view economic transactions and sales records of Iranian artworks, previously confined to local markets. The sale prices of these works are available in US dollars, making it easier for international buyers to evaluate their investments.
Artprice, Artnet, and Artsy are recognized as the foremost sources of art market information, compiling critical data from major art auctions and sales records. While these platforms primarily focus on international auction data, Tehran Auction stands out as one of the few regional events to successfully integrate its information into these global databases.
As the largest contemporary art auction in the Middle East, Tehran Auction has recorded sales ranging from one to seven million dollars across its 21 events, establishing itself as a key indicator for evaluating investments in Iranian art on the world stage.
Previously, the auction aimed to invigorate the domestic art market and create parity in the pricing of established Iranian artists. Now, it has broadened its scope to promote the global exchange of Iranian artworks, further enhancing the appeal for both buyers and sellers within the country. Over the past decade, Tehran Auction has not only elevated the status of art collecting in Iran but has also significantly contributed to the growth of the country’s art economy, attracting increased participation from local art enthusiasts.