Modern and Contemporary Turkish Art Auction at Antik A.S. Totals $ 9.5 Million

ISTANBUL.- Antik A.S. in Istanbul, the sale of Modern and Contemporary Turkish Art totals of $9,500,000 within the presale estimate of $6 million. Competition was fierce for many of the top lots, with multiple bidders participating. Erol Akyavas’s monumental “VAV” was the top-selling lot in the sale.. Erol Akayavas (1932-1999), one of the most important Turkish artists whose painting “The Siege” had fetched 1.274.000 EURO in April 2010, the world record price for any modern Turkish work of art sold at auction. His museum quality canvas in the sale was expected to realize 300,000 to 400,000 Euro. “VAV” brought a remarkable 566.000 EURO with many competing paddles..

Further highlights of 266th sale included Ferruh Bağaşa’s oil on canvas, which was sold for artist’s world auction record 339,000 EURO. Burhan Dogancay’s “Cone on a Wall” brought 240,000 EURO.

Olgac Artam directed the 266th sale of Antik A.S. The sale room was crowded with collectors. New auction records were set for many Turkish artists, including Burhan Uygur’s ““Morning Seagulls Requiem for Migrating Birds” which doubled the pre sale estimate and brought the artist’s auction record with a remarkable 205,000 EURO, Yüksel Arslan, Selim Turan, Mubin Orhon, Alaettin Aksoy, Neşe Erdok, Bedri Baykam and many other Turkish artists also achieved auction record results in the sale.

Commenting on the strong Contemporary Turkish Art Sale results, Olgac Artam, auctioneer of the sale, said: “We are absolutely delighted with the results achieved for our sale of Contemporary Turkish Art. Participation of new collectors and young buyers sends a very positive message to the art market.” Many other artists’ works sold for record prices including Orhan Peker, Adnan Coker, Omer Uluc, Azade Koker, Canan Tolon, and Haluk Akakce.

Antik A.Ş. the leading auction house in Turkey, holding all the major auction records for Modern&Contemporary. Some of the last season’s successful sales include Erol Akyavas’s “The Siege” (1,274,000 EURO), Burhan Dogancay’s “Symphony in Blue” (1,260.000 EURO), Mübin Orhon’s “Abstract” (696,048 EURO) and Fahr El Nisa Zeid’s “London” (650,000 EURO).

TOP 15 LOT in the sale

Turkish Lira EURO
EROL AKYAVAŞ “VAV” 1.262.600,00 566.188,34

FERRUH BAŞAĞA
“SOYUT KOMPOZİSYON” 757.560,00 339.713,00

BURHAN DOĞANÇAY “CONE ON A WALL” 536.605,00 240.630,04

EROL AKYAVAŞ “CASTLE” 479.788,00 215.151,57

BURHAN UYGUR
“Morning Seagulls Requiem for Migrating Birds” 454.536,00 203.827,80

ORHAN PEKER “STILL LIFE” 410.345,00 184.011,21

ÖMER ULUÇ “NUDE” 353.528,00 158.532,74

YÜKSEL ARSLAN “CAPITALİ” 303.024,00 135.885,20

BURHAN DOĞANÇAY “PATRIOTIC DOOR” 290.398,00 130.223,32

ADNAN ÇOKER “ABSTRACT” 277.772,00 124.561,43

SELİM TURAN “ABSTRACT” 277.772,00 124.561,43

ERGİN İNAN “GROTEX HEAD” 277.772,00 124.561,43

ÖMER ULUÇ “GREEN FAMILY” 252.520,00 113.237,67

MÜBİN ORHON “ABSTARCT” 239.894,00 107.575,78

MEHMET GÜLERYÜZ “SURVIVOR” 239.894,00 107.575,78