So far, the collectors and private sectors have purchased artwork worth 700m rials (about $70,000) of which the most expensive item was worth 90m rials ($9,000), the expo secretariat reported on Wednesday, MNA reported.
Representatives from the Tehran City Council, the National Museum of Quran, Tehran Municipality Art and Culture Organization, the Ministry of Roads and Transportation and several other organizations have selected a number of items on display. However, based on the regulations of the expo, as long as the full purchase price of the item has not been paid or a legal contract for purchase has not been signed, no sale is confirmed.
In addition, several automobile manufacturers are due to visit the expo. The director of Culture and Islamic Guidance Ministry's Office for Visual Arts Mahmud Shaluii also visited the expo and has allocated a substantial budget to purchase artworks.
The director of Culture and Islamic Guidance Ministry's Office for Visual Arts Mojtaba Aqaii has also announced readiness to purchase art but only works with the religious themes, such as masterpieces of teahouse paintings.
A collection of 1500 works by 750 artists are on display at the second edition of the expo. Over 50 galleries along with different institutes including Saba, Esmaeilzadeh and Aftab are taking part in this expo.
The second edition of Tehran Art Expo will continue through January 4.