Financial Tribune - The 11th Tehran Auction is scheduled for July 5 at the Parsian Azadi Hotel with 80 classic and modern works going on sale—23 of whom are by living artists.

The auction was launched in 2012 as an independent and private initiative to introduce the best in Iranian art, ranging from established and emerging Iranian artists to art collectors and the global audience, Mehr News Agency reported.

The event is aimed at addressing the increasing interest in modern and contemporary Iranian art and facilitating the acquisition of quality works in reliable ways.