Sotheby's have announced further details of their upcoming series of sales during 'Turkish and Islamic Week: Classical to Contemporary'.
Last month we previewed a forthcoming sale offering treasures from the rich history of the Ottoman Empire, but this newly-announced auction will give collectors a true taste of Turkey's vibrant contemporary art scene.
Fourteen major works will be exhibited in Ortakoy before travelling to London for the sale on April 26, in a preview show sponsored by the Turkish bank Akbank.
"We are delighted to bring an exciting selection of modern and contemporary art by some of Turkey's finest and most innovative artists to Istanbul, for our Turkey-based collectors and clients to preview before the auction," said Elif Bayoğlu, Head of Sotheby's Contemporary Turkish Art Sale.
"From painting to embroidery, sculpture to collage, photography to installation, the quality and diversity of the works we are exhibiting are a testament to the creativity and talent of Turkish artists."
Highlights of the upcoming sale will include 'Cage of Flesh' (Ten Kafesi) - the most recent work by the photorealist artist Taner Ceylan which will appear fresh to market with a pre-sale estimate of £100,000 - £150,000.
Alongside this, the auction will offer important works such as Bathsheba by Azade Köker, valued at £45,000 - £55,000, Untitled (1960) by Ferit Iscan, valued at £10,000 - £15,000 and Guns of War II by Ansen Atilla valued at £25,000 - £30,000.
The success of this annual sale in recent years clearly illustrates the evolving nature of the art world. The 21st century has seen the global art market become just that - global.
China has overtaken the US as the biggest market for art and antiques, and the surging economies of countries such as Russia, Brazil and India have changed the traditional art market map.
Modern and Contemporary artworks are the backbone of this global art market; a report issued by the TEFAF Maastricht art fair stated that over 70% of the world's fine art market is driven by Modern and Contemporary art sales.
The demand and competition for the world's finest contemporary artworks is constantly increasing on an international scale - which is certainly great news for collectors with a passion for alternative investments.
To stay one step ahead of the art markets, follow our up-to-date news, interviews and reports here.