Manoucher Yektai: Exploring the Market of 2023's Best-Selling Iranian Artist
Manoucher Yektai, an esteemed Iranian poet and artist, made his entry into the secondary market in 2006 with two unique pieces featured at the Dreweatts and Bloomsbury auction in Berkshire, England. Up until 2013, Yektai's market saw limited growth, mainly due to the scarcity of his works and their presence in lesser-known auctions. The launch of the Tehran Auction in 2011 marked a turning point. As Yektai's paintings began to be featured, his market experienced significant growth, peaking in 2016.
From 2016 to 2022, the market for Yektai's works saw a decline in total auction sales. Yet, 2023 brought a remarkable resurgence, with sales nearing the peak levels of 2016. This growth propelled Yektai to become the best-selling Iranian artist of the year. In our latest blog post, the Artchart team delves into the market trends of Manoucher Yektai's unique works over the years, with a special focus on the remarkable developments in 2023. 
21 May 2024
Manoucher Yektai: Exploring the Market of 2023's Best-Selling Iranian Artist 21 May 2024
Manoucher Yektai, an esteemed Iranian poet and artist, made his entry into the secondary market in 2006 with two unique pieces featured at the Dreweatts and Bloomsbury auction in Berkshire, England. Up until 2013, Yektai's market saw limited growth, mainly due to the scarcity of his works and their presence in lesser-known auctions. The launch of the Tehran Auction in 2011 marked a...
The Venice Biennale: A Creative Economy-Based Art Enterprise 14 May 2024
The Venice Biennale is one of the oldest and most prestigious avant-garde art exhibitions in the world, with a high level of credibility. In addition to presenting artists' works and introducing them, this biennial is important for predicting and creating new artistic trends. It manages its events with a multidisciplinary model of organization and management, which has made its natu...
Mohsen Vaziri-Moghadam's Market Review 27 January 2024
Mohsen Vaziri-Moghaddam, an Iranian painter, sculptor, lecturer, and art writer, was born in Behbahan in 1925 and passed away in Rome 94 years later. Throughout his career, he conducted various experiments using different materials and media. However, Vaziri-Moghaddam is most renowned for his sand paintings and articulated sculptures. His works have been featured in auctions since 2...
Art as Asset Class 6 November 2023
Art can be considered a kind of property and capital due to some capacities. Buying art brings financial returns and, like other traditional assets, increases in value over time. Art can be bought and sold because a separate market has been created for it. In the meantime, buying works from prominent artists has shown a positive return and has attracted investors to create diversity...
Abstract art in the art market 4 September 2023
Abstract painting is one of art trends in 2023 and has experienced growing in value in the art market in last few years. According to Artsy's 2023 survey, 44% of respondents cited "abstract art" as the most important genre of contemporary art in their business.
The Role of Galleries in the Art Market; Iranian Gallery Owners and Multilateral Strategies 26 August 2023
In the system of art economic, galleries are part of the primary market, although they also sell works privately through their networks in the secondary market. Gallery owners in Iran have gone beyond these and included online auctions to art calls in their work plans. This multilateralism is evident in the activities of many Iranian gallery owners, because the burden of promoting v...
11 university courses where you can learn about art economics 30 July 2023
Art economics as a discipline deal with different issues and topics, with the most important one being art and the market relations. This relationship is the basis for the creation of university courses that partly deal with the economic or material analysis of artistic activities, or study culture and art by applying the economical method. In this short essay, an attempt has been m...
Auction Terms You Need to Know Before Entering an Auction 15 July 2023
Auction houses are where wealthy collectors and art dealers gather and compete for the best of the art world. These actors tend to change the atmosphere of this world with their performance; Auctioneers are also interested in seeing the boom of the market with successful sales. Although, watching these events, the most important of which are the evening auctions, creates a certain e...
Iranian Art Market Report for the Year 1401 SH 15 May 2023
When the Art Hall team was looking for the Iranian artworks' sales records for art appraisal, felt the void of an authoritative art reference. That's why Artchart was born in 2019. The purpose of launching Artchart was to create a database of the Iranian art market that can be used as a reference for a wide range of people, from artists to art collectors. Now Artchart has collected...