A sculpture by the artist Jewad Salim brought a new World Record price for a piece of Iraqi art on Monday (October 11).
The piece, entitled Mother and Child, sold for $384,000 (Dh 1.4m) at an auction held by UK auction house Bonhams in Dubai.
Some of the works featured in the auction appeared with estimates between $6.2m and $8.3m.
According to Bonhams' description, the piece is made from fruitwood and mixed media. It beat the prior sale record also set by Salim of $336,000, achieved back in March 2008.
Many experts regard Salim as the 'father' of modern Arab art, a view which was no doubt confirmed by Monday's sale.
Overall all, Bonhams' auction saw total sales of $4.4m with 60% of lots sold - the latest sign, as we have previously reported, that India's wealthy are increasingly turning to art investments.
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