Andre Abdoune News Today

One of Sacha Jafri’s paintings sold for $62 million at a charity auction, making him one of the world’s most expensive artists.

One of Sacha Jafri's paintings sold for $62 million at a charity auction, making him one of the world's most expensive artists.

The painting measures over 17,000 square feet and incorporates the artwork of children from more than 140 nations.

Leading-edge cryptocurrency innovator partners with Galloire, enabling the sale of physical fine art in exchange for a range of digital assets

Abdoune following his purchase of the painting. Photo: Sacha Jafri. Inside a ballroom at the Atlantis Hotel on a manmade archipelago in Dubai, British artist Sacha Jafri made history. On March 24, he sold his work The Journey of Humanity for $62 million, making it the second most expensive painting ever sold at auction by a living artist. The price isn’t the only grandiose part: at 17,000 square feet, the equivalent of four NBA-regulation basketball courts, the painting has claimed the Guin...

SHARE A total of nearly $10 million was pledged to the UAE’s 100 Million Meals campaign at a charity art auction in Dubai on Saturday. Organised by Mohammed bin Rashid Al Maktoum Global Initiatives in collaboration with Maupy Auction, the live auction, which took place at the Mandarin Oriental Jumeira, included rare artworks by Pablo Picasso, Nelson Mandela, Salvador Dali and David Hockney in its listings, as well as a signed painting by Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, cha...

Why art could be a good investment during pandemic File photo Market share of online sales for art in 2020 exceeded that of general retail. The market value of global art decreased significantly in 2020 over the previous year due to the impact of the Covid-19 pandemic. Art and antique sales value worldwide dropped from over $64 billion in 2019 to a little over $50 billion in 2020, a whopping 22 per cent decline, states The Art Market 2021 report published recently by Art Basel and UBS. The stee...

British Artist Raises $62 Million for Children’s Charities 4 days ago cuatower By Angela Hickey The world’s largest canvas painting has been recently sold at a Dubai auction for a grand total of 228 million dirhams, or $62 million, making it one of the most expensive artworks ever sold.  Painted by British artist, Sacha Jafri, “The Journey of Humanity,” has become one of the largest canvas artworks in history, measuring a gran...

© Katherine Hardy This article featured in our Art Market Eye newsletter. For monthly commentary, insights and analysis from our art market experts straight to your inbox, sign up In the space of just three weeks, we have seen almost all the accepted norms of the traditional art market shattered. In March the graphic designer Beeple saw the NFT relating to his compendium of 5,000 cartoonish images Everydays, the First 5,000 Days, go for a eye-watering $69.3m—making it the third-...