While Western sanctions since 2010 on Iran’s oil and financial sectors have sapped Iranian collectors’ purchasing power, and forced them to retreat from international art auctions such as Christie’s, they have also been a catalyst to building up the domestic art market. A Reuters story outlined how Iran’s smart set turned out in force for this year’s Tehran Art Auction, where total sales doubled forecasts. The story gave insight into a little known art market that probably won’t remain secret much longer.
Entertainment & Lifestyle
Reuters story details how Iran’s domestic art scene thrives despite economic sanctions
01 June 2014, 12:00 am 1 minute
Article Tags
Topics of Interest: Entertainment & Lifestyle
Type: Reuters Best
Regions: Europe / Middle East / Africa