Christie's expands business in the Kingdom of Saudi Arabia

Christie's expands business in the Kingdom of Saudi Arabia
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Published November 18th, 2010 - 09:29 GMT

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Jeddah
,
Dubai
,
Christie
,
William Robinson
,
Michael Jeha
,
Mohammed Said Farsi
,
Hayat Shobokshi

Christie's, the world's leading art business, is expanding its business in the Middle East with the appointment of Hayat Shobokshi as Consultant Representative based in Saudi Arabia. Hayat's appointment comes at a time of increased interest and excitement in the Saudi contemporary art scene   and the announcement of a significant museum project in the Eastern Province.

Michael Jeha, Managing Director, and Christie's Middle East, said: "Since we
opened an office in the region in 2005, we have been working to further our
client base in Saudi Arabia. We offered works by Saudi Arabian contemporary
artists in our 2008 sales which were extremely well received by clients. Having
a person of Hayat's skills and local knowledge on the ground well enable us to
develop our presence and seek out new opportunities. She joins the Middle East
team at pivotal moment following a great year of sales and activities in the
region."

Ms. Shobokshi has joined Christie's from her family business, where she was a
Board Director and Strategic Manager of the Retail Division. In her new role she
will assume responsibility for the implementation of Christie's strategy for
Saudi Arabia as well as increasing participation of Saudi clients in Christie's
international auctions and diversified businesses such as Christie's Great
Estates and Christie's Education.

"I was incredibly fortunate to witness the sale of masterpieces of Egyptian art
collected by Dr. Mohammed Said Farsi, for $6.7 million at Christie's Dubai this
October. Dr. Farsi was Lord Mayor of Jeddah in the 1970s and 1980s and was
instrumental in making the city one of the largest open-air galleries in the
world and in highlighting international art in the Middle East. I hope to
inspire a new generation of Saudi Arabian collectors to follow his example.,"
said Hayat Shobokshi.

Hayat Shobokshi will be supported locally by Michael Jeha and his experienced
Dubai-based team, where Christie's has held bi-annual sales since 2006.
Christie's international team of specialists, including William Robinson,
responsible for Christie's Islamic Art sales since 1982, Hala Khayat, specialist
for Contemporary Middle Eastern art and Lyne Kaddoura, Christie's jewellery
specialist for the Middle Eastern region, both of whom are based in Dubai, will
also assist Ms Shobokshi in her new role.

Over the past six years Christie's has developed its Middle Eastern business
strategy by holding exhibitions, lectures, charity auctions, opening a
representative office and holding bi-annual sales in the region. In 2010
Christie's achieved a sale total of over $50 million in the Middle East.

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