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Hassan Rouhani

After nuclear deal, Iranian art auction sees $7.4M in sales

An annual art auction in Tehran drew record sales of $7.4 million Friday, a sign of Iran's emerging arts market that buyers hope will be buoyed by the recent nuclear deal with world powers.

The sale at Tehran's high-end Azadi Hotel — the former Hyatt near Evin Prison — drew celebrities, collectors and businessmen hoping to walk away with the artworks there. Total sales were 12 percent higher than the previous year, though this year's auction saw only 79 items sold, as opposed to 126 then.

Prices continue to rise for Persian pieces, and many hope that only will accelerate after the lifting of international sanctions.

Iranian "artworks should be...

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