New Auction Record for a Saudi Artist set at Sotheby's in Diriyah
Sotheby’s staged its second auction in Saudi Arabia — almost one year to the day after history was made with the first-ever auction in the Kingdom.
A landmark auction record for a Saudi artist was achieved early in the sale as Safeya Binzagr’s Coffee Shop in Madina Road realised $2.1 million, more than ten times its high estimate ($150,000-200,000).
The result nearly doubled the previous auction record for a Saudi artist, set at Sotheby’s London in October 2023 with a work by Mohammed Al Saleem, as it also became the third highest price for a work by an Arab artist sold at auction and the most valuable work of art sold at auction in Saudi Arabia.
The result also established the third highest price for a work by an Arab artist sold at auction and As the birthplace of the Kingdom of Saudi Arabia and home to the UNESCO World Heritage Site of At-Turaif.
Main Image: Safeya Binzagr’s Coffee Shop in Madina Road Courtesy Sotheby's