In October this year, the Royal Mirage Hotel will present a fantastic opportunity for collectible car enthusiasts as Bonhams roll into Dubai for their first car auction in the country.
The global auction house held its first auction in Dubai in March 2008, which was a resounding success, totalling $13m and breaking thirty three world records. Notably Iranian artist Farhad Moshiri became the first Middle East artist to achieve an auction sale of over US$1m with his stunning Swarovski crystals and glitter on canvas 'Eshgh' (Love) achieving US$1,048,000.
The company has continued to expand in the region, and it now offers sales in Orientalist Pictures & Works of Art as well as Modern & Contemporary Middle Eastern, Iranian & South Asian Art.
Despite the current economic challenges, Dubai's art market remains strong and recent success means that it is only logical for Bonhams to expand their departmental presence by introducing Collectors' Motor Car auctions.
The company is one of the leading collectible car auctioneers in the world, and its first Dubai auction is timed to take place during the region's traditional auction season.
As we've seen before, automobiles and timepieces can fit together well in an auction and the sale in October will also include a valuable range of vintage and limited edition watches.
"The appetite for Collectors Motor Cars is certainly growing in the area," explained James Knight, Group Head of Bonhams' Motoring Department.
"With the emergence of events such as the Dubai Classic Car Show and other motoring events now going from strength to strength, it makes sense for us to explore this idea and we are thrilled at the prospect of offering a motor car auction in the region."