Tuesday, November 20, 2007

And the hammer price was ...

Do you remember the Sotheby's auction I spoke about from couple of weeks ago where they were going to sell very important historical Egyptian Stuff ?? If you do not remember I recommend that do some refreshment and click here then click back in your browser to come to this post again as in it you will know for how much these valuable stuff were sold , at what price exactly

I could not know who bought them because this is confidential in the Sotheby's website

Now we got The Ahmed Pasha Hasseinein's lot no. 142 , The Muhammad Abdo's lot no. 116 and The Abu Nadra's lot no. 117

The hammer Price which is The highest bid which is accepted by the auctioneer with's buyer's premium which is An amount (usually a percentage) that is added to the winning bid (hammer price) to determine the contract selling price which the buyer pays for the property being sold for them was as follows

  • The Ahmed Pasha Hasseinein's lot no.142 was sold at hammer price with buyer's premium :  24,500 GBP

Well this is less than the initial estimated starting price which was estimated by Sotheby's at 25,000 GBP

  • The Muhammad Abdo's lot no.116 was sold at hammer prince with buyer's premium : 14,900 GBP

It is better than the Hasseinein's lot as it was sold more than the initial estimated price which was 12,000 GBP

  • The Abu Nadra's lot  no. 117 was not sold !!!

Its estimated price was 10,000—15,000 GBP

Look I expected these stuff to bring more cash but it did not simply because it was sold originally sold for people who do not know its value like us , we the Egyptians know how it is worth

Foreigners do not know as we know Muhammad Abdo or Ahmed Hasseinein or Abu Nadra, and how they contributed to this nation, to its history , its present and even its future with what they did and presented

If I were from the officials in the Alexandria Bibliotheque I would go and bid on the Abu Nadra's lot ,at least try to save what it can be saved from our lost heritage !!

2 comments:

  1. What a mess this is.

    I just saw this article which widens the search "arena" so to speak...

    http://www.smh.com.au/news/arts/warhols-hoard-a-treasure-trove/2007/11/19/1195321691266.html

    Inshallah things will find their way home.

    ReplyDelete
  2. @Sam
    Warhol was one sick man for sure , I love collecting things too but not a mummified foot

    I wish too that those stuff inshallah will find their way home in the end even after 100 years

    ReplyDelete

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