Bonhams’ Modern and Contemporary Middle East spring art sale will go ahead online on Thursday, June 11, with a strong showing of lots from Jewad Selim, Kadhim Hayder, Omar El Nagdi, Monir Farmanfarmaian and more.
The sale has also brought new information to light about Hayder's important 1965 series The Martyr's Epic, which depicts Iraq's Battle of Karbala in 680 AD. Bonhams is offering the painting Divine Horses for sale, which is being consigned by an Arabian musicologist in Paris. Estimates for the piece range between £50,000 (Dh234,000) and £80,000 (Dh374,000).
The musicologist had received the work as a gift from Iraqi artist Hayder in 1970, when they were both teaching at the Faculty of Fine Arts in Baghdad, and believed it had been painted that year.
As part of its pre-sale marketing, Bonhams put an image of the work on Instagram, with its date as 1970. But a researcher got in touch to say the work was actually executed in 1965, within The Martyr's Epic cycle.
"So it's a much more important piece than we anticipated," says Nima Sagharchi, director of Middle Eastern, Islamic and South Asian Art at Bonhams, adding that this makes it a companion piece to the well-known painting Fatigued Ten Horses Converse with Nothing (The Martyr's Epic), which is in the Barjeel Art Foundation's collection and on semi-permanent view at the Sharjah Art Museum.
"Divine Horses was exhibited in Beirut, Baghdad and all around the Arab world in 1965 as part of The Martyr's Epic," Sagharchi continues. "In this one, Imam Hussein has died and the horses are mourning him."
Hayder painted around 30 works in The Martyr's Epic, but many have been lost.
Other lots in the Bonhams sale include a 1943 painting by Selim, Women Waiting, which shows street life in Baghdad in an early example of the Iraqi artist's folk modernism. Estimates range between £150,000 and £250,000.
Two abstract paintings are on sale from the Egyptian artist Adam Henein, who passed away earlier this month: Beneath the Shadows (1982) and The Shadow Rising (1983), which Bonhams have priced between £5,000 and £15,000 each.
A darkly dramatic work by Fahrelnissa Zeid from the 1960s depicts her daughter as Lady Macbeth, clutching a tall candlestick and challenging the viewer.
And, in an unanticipated twist, the Bonhams sale also ventures into the current debate over public monuments, with Mohammed Ghani Hikmat's Iraq Rises (estimate £30,000-£50,000), which was commissioned privately in 2006.
Ghani is behind many of Iraq’s major public sculptures, including the Freedom Monument in Tahrir Square, for which he cast the bronze elements of Selim’s design.
“This is largest and most substantial work by Ghani ever to come to market,” says Sagharchi. “Carved out of a colossal block of limestone weighing nearly 1,000 kilograms, Ghani's composition … demonstrates the artist's skill at harmonising compositions on a large scale.”
Overall, the works are priced conservatively, though Sagharchi he says he has been pleasantly surprised by the amount of interest the works have garnered – particularly from the Emirates, via both existing and potentially new clients.
“It not only gives us confidence in that market,” he says, “but we also see that people have used their time off very productively, to educate themselves and to develop an interest in a field they may have overlooked before.”
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Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
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Scotland v Ireland:
Scotland (15-1): Stuart Hogg; Tommy Seymour, Huw Jones, Sam Johnson, Sean Maitland; Finn Russell, Greig Laidlaw (capt); Josh Strauss, James Ritchie, Ryan Wilson; Jonny Gray, Grant Gilchrist; Simon Berghan, Stuart McInally, Allan Dell
Replacements: Fraser Brown, Jamie Bhatti, D'arcy Rae, Ben Toolis, Rob Harley, Ali Price, Pete Horne, Blair Kinghorn
Coach: Gregor Townsend (SCO)
Ireland (15-1): Rob Kearney; Keith Earls, Chris Farrell, Bundee Aki, Jacob Stockdale; Jonathan Sexton, Conor Murray; Jack Conan, Sean O'Brien, Peter O'Mahony; James Ryan, Quinn Roux; Tadhg Furlong, Rory Best (capt), Cian Healy
Replacements: Sean Cronin, Dave Kilcoyne, Andrew Porter, Ultan Dillane, Josh van der Flier, John Cooney, Joey Carbery, Jordan Larmour
Coach: Joe Schmidt (NZL)
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The Orwell Prize for Political Writing
Twelve books were longlisted for The Orwell Prize for Political Writing. The non-fiction works cover various themes from education, gender bias, and the environment to surveillance and political power. Some of the books that made it to the non-fiction longlist include:
- Appeasing Hitler: Chamberlain, Churchill and the Road to War by Tim Bouverie
- Some Kids I Taught and What They Taught Me by Kate Clanchy
- Invisible Women: Exposing Data Bias in a World Designed for Men by Caroline Criado Perez
- Follow Me, Akhi: The Online World of British Muslims by Hussein Kesvani
- Guest House for Young Widows: Among the Women of ISIS by Azadeh Moaveni
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
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