According to the National Headquarters for Managing and Fighting the Coronavirus, the majority of the cities in Iran are in the “red zone,” and thus holding the 14th Tehran Auction was postponed to a time when the number of infections will decrease.

Tehran Auction is an independent and private institution that operates in Tehran and is the main market for the sale of artworks such as paintings, sculptures, calligraphy and photography. The Tehran Auction officially began its activity in June 2012.

The 13th Tehran Auction grossed about 880 billion rials (about $4 million).

‘Memories of Hope,’ a diptych gouache and colored pencil created on cardboard by Aidin Aghdashloo, was the most expensive work sold at the auction in 2020, as it fetched 120 billion rials (about $550,000).

A total of 110 lots of modern and contemporary Iranian art were offered during the auction held last year at Tehran’s Parsian Azadi Hotel.