Christie’s Launches First International Auction House in Saudi Arabia

A special installation work for the artist Ahmed Mater commissioned by Wadi AlFann in AlUla. (Christie's)
A special installation work for the artist Ahmed Mater commissioned by Wadi AlFann in AlUla. (Christie's)
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Christie’s Launches First International Auction House in Saudi Arabia

A special installation work for the artist Ahmed Mater commissioned by Wadi AlFann in AlUla. (Christie's)
A special installation work for the artist Ahmed Mater commissioned by Wadi AlFann in AlUla. (Christie's)

Christie’s auction house announced the appointment of Nour Kelani as General Manager in Saudi Arabia, tasked with overseeing services for local clients. This follows Christie’s acquisition of a business license to operate in the Kingdom, making it the first international auction house in the country.

Dr. Ridha Moumni, Chairman of Christie’s for the Middle East and Africa, explained that the primary motivation behind opening their first office in Saudi Arabia stems from the notable growth in arts, culture, and economies in the region in recent years. He noted that Saudi Arabia has emerged as a key player in this growth, “and in light of these unique developments, we decided to establish an office here.”

Speaking on the local art scene, Moumni said: “The artistic and creative landscape in Saudi Arabia has always been strong, as evidenced by the production of exceptional works that reflect the country’s local traditions and its social and cultural issues, which have earned a prominent place on the international stage of modern and contemporary art.”

“Furthermore, Saudi Arabia is witnessing a new contemporary art renaissance, led by Saudi artists who draw from the nation’s rich heritage and benefit from the support of various artistic initiatives, institutions, and networks,” he added.

Moumni also pointed out that this move follows the success of the exhibition featuring works by Saudi artist Dr. Ahmed Mater, recently hosted by Christie’s in London, as well as their active participation in the Diriyah Contemporary Art Biennale this year. He added: “We have been preparing for this step for some time.”

Asked whether Christie’s upcoming exhibitions will be limited to Riyadh, he responded: “Our General Manager for Christie’s in the Kingdom will operate from our office in Riyadh, which will serve as a base for us to serve our clients in Saudi Arabia. Our representatives will travel across the country, and we will announce our plans for events and exhibitions at the appropriate time.”

He continued: “We will maintain our efforts to raise awareness on Arab art through our international platforms and our 46 offices worldwide. This global presence allows us to further promote artistic talent from the region. We are constantly evaluating our initiatives and planning future exhibitions to highlight the diverse and dynamic voices in the art community, and we look forward to our plans for 2025 in Riyadh and London.”



Magritte Painting Nets Auction Record of $121 Million

Rene Magritte's "L'empire des lumières" is on display during a press preview for Christie's Fall 20/21 Marquee Week in New York, November 8, 2024. (AFP)
Rene Magritte's "L'empire des lumières" is on display during a press preview for Christie's Fall 20/21 Marquee Week in New York, November 8, 2024. (AFP)
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Magritte Painting Nets Auction Record of $121 Million

Rene Magritte's "L'empire des lumières" is on display during a press preview for Christie's Fall 20/21 Marquee Week in New York, November 8, 2024. (AFP)
Rene Magritte's "L'empire des lumières" is on display during a press preview for Christie's Fall 20/21 Marquee Week in New York, November 8, 2024. (AFP)

A painting by Rene Magritte shattered an auction record for the surrealist artist on Tuesday, selling for more than $121 million at Christie's in New York.

The seminal 1954 painting had been valued at $95 million, and the previous record for a work by Magritte (1898-1967) was $79 million, set in 2022.

After a nearly 10-minute bidding war on Tuesday, "Empire of Light" ("L'Empire des lumieres") was sold for $121,160,000, "achieving a world-record price for the artist and for a surrealist work of art at auction", according to auction house Christie's.

The painting -- depicting a house at night, illuminated by a lamp post, while under a bright, blue sky -- is one of a series by the Belgian artist showing the interplay of shadow and light.

"Empire of Light" was part of the private collection of Mica Ertegun, an interior designer who fled communist Romania to settle in the United States where she became an influential figure in the arts world.

She died in late 2023 and was married to the late Ahmet Ertegun, the music magnate who founded the Atlantic Records label.

The sale of the Magritte painting was an expected highlight of this week's autumn sales season in New York, at a time when the art market has seen a slowdown since last year.

Christie's -- which is controlled by Artemis, the investment holding company owned by the Pinault family -- said sales totaled $2.1 billion in the first half of this year.

That is down for the second straight year, after a peak of $4.1 billion in 2022 as the world emerged from the coronavirus pandemic.

During the same Christie's auction on Tuesday, a celebrated 1964 painting of a gas station by 86-year-old Ed Ruscha, titled "Standard Station, Ten-Cent Western Being Torn in Half," sold for $68.26 million, setting a new auction record for the American pop artist.