While oil prices are rapidly dropping in global markets, prices in arts auctions have a different story. Iranian paintings, calligraphies and statues are becoming increasingly expensive as they were on sale in international auctions. In the first Christie’s auction which was held in Dubai in May 2005, a painting by Farhad Moshiri and a photo by Shirin Neshat each hit the record of sales among Iranian artwork at a price of $40,000.
