Annual auction nets $3.1m.
An untitled mirror mosaic by Monir Farmanfarmaian drew the largest winning bid at the 1 0th Tehran Auction January 11 as it fetched 40 billion rials ($360,000 assuming an exchange rate of 110,000 rials per US dollar).
"Pi+Rouz+G," a painting by Hossein Zenderudi, took in 35.5 billion rials ($325,000) and was the second most expensive artwork sold at the auction, held at the Parsian Azadi Hotel.
Another Farmanfarmaian untitled mirror mosaic sold for 29 billion rials ($265,000) to become the third most expensive item sold at the auction.
A total of 114 artworks went under the hammer during the auction, which grossed over 344 billion rials ($3.1 million). The three biggest draws accounted for 30 percent of the auction's gross. Only an untitled painting by Hossein Cheraghchi failed to find a buyer.
Two photographs of the 1980-1988 Iran-Iraq war were also auctioned off.
"Conquest of Khorram shahr," a black and white photo by Saeid Sadeqi that depicts Iranian soldiers celebrating the liberation of Khorramshahr at the Friday Mosque in the city was sold for 750 million rials ($6,800).
"Khordad 3, '61, Khorramshahr," another black and white photo by Mohammad Farnud fetched 700 million rials ($6,360). The photo shows a sandbagged barricade built in front of the ruins of a building in Khorramshahr in 1982.