Sale of Saudi artist Safeya Binzagr’s work sets record at Sotheby’s auction in Riyadh
RIYADH: A painting by Saudi artist Safeya Binzagr sold for $2.1 million at Sotheby’s “Origins II” auction in Riyadh on Saturday, emerging as the top lot of the evening and setting a new auction record for a Saudi artist.
The work, “Coffee Shop in Madina Road” (1968), sold for $1.65 million before the buyer’s premium, the additional fee paid by the purchaser to the auction house on top of the hammer price.
The result nearly doubled the previous auction record for a Saudi artist and became the most valuable artwork ever sold at auction in the Kingdom. It also ranks as the third-highest price achieved for an Arab artist at auction.
It was presented as part of “Origins II,” Sotheby’s second auction staged in Saudi Arabia, comprising 62 modern and contemporary lots and bringing together Saudi artists alongside regional and international names.
