SearchTehran art auction lures spenders amid hard times - Yahoo! News

Tehran art auction lures spenders amid hard times - Yahoo! News...
news.yahoo.com 12/07/2013 News

Keywords:#AP, #Iran, #Iranian, #London, #Manhattan, #News.yahoo.com, #Tehran, #Yahoo

TEHRAN, Iran (AP) — Some arrived in Porsches or BMWs, which were whisked away by valet parking attendants. The hotel lobby was awash with the celebrated and powerful including A-list actors, well-known artists and captains of commerce.

For one glimmering moment late last month, the Iranian capital was the talk of the world's art market after 80 works sold for $2 million, astonishing a country whose economy is battered by Western sanctions but still has pockets of wealth looking for investment havens for their money.

This is the other side to Tehran — hidden by walls surrounding elite enclaves or in high-rise towers with doormen — that has more in common with well-heeled spots in Manhattan or London. From Yahoo! News: TEHRAN, Iran (AP) — Some arrived in Porsches or BMWs, which were whisked away by valet parking attendants. The hotel lobby was awash with the celebrated and powerful including A-list actors, well-known artists and captains of commerce....

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