Rare Kiswa piece fetches $1 million

Updated 29 January 2014
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Rare Kiswa piece fetches $1 million

A rare piece of the Kiswa (the cover of Kaaba) dated 1354 A.H., which was given as a gift by the monarch of Al-Bohra to King Abdul Aziz, was sold for $1 million at the second auction of Arabian Wings in Jeddah.
The piece is considered to be one the rarest pieces of the Kiswa.
Arabian Wings is a well-known art group. The auction, which fetched SR4.7 million, also saw artworks from a number of Saudi and Arab artists. They included sculptures, paintings and Islamic and contemporary art.
Arabian Wings held the event in collaboration with the Fitaihi Group.
According to Mohammed Bahrawi, chairman and founder of the Arabian Wings, the first edition of the group's auction was held in 2011.
“This year, it was all about contemporary art with different moods and tastes, and was an outstanding success for us,” said Bahrawi.
He said the new owner of the antique Kiswa cloth, who has requested anonymity, is very happy. He is planning to put it up in the next auction.
Bahrawi said having a piece of Kiswa is considered to be a symbol of pride and honor for Saudis.
“We must have a platform to display Islamic antiques in Jeddah,” he said. “The museum with Islamic treasures will be a great investment and a great opportunity for people to know about Islam and its importance.”


Weinstein reaches deal to settle civil proceedings for $44 million: report

Updated 24 May 2019
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Weinstein reaches deal to settle civil proceedings for $44 million: report

  • The deal, which has not yet been signed, aims to cover all civil proceedings filed against the fallen Hollywood mogul
  • The settlement does not exempt Weinstein from the criminal proceedings brought against him for sexual assault

NEW YORK: Disgraced Hollywood producer Harvey Weinstein has reached a provisional $44 million settlement with alleged victims and creditors, the Wall Street Journal reported on Thursday.
The deal, which has not yet been signed, aims to cover all civil proceedings filed against the fallen Hollywood mogul, including those in Canada and the United Kingdom.
Weinstein’s spokesperson denied to comment.
The settlement does not exempt Weinstein from the criminal proceedings brought against him for sexual assault, for which he will go on trial in September.
Weinstein — a catalyst for the #MeToo anti-harassment movement — has been charged over the alleged assaults of two women and faces life in prison if he is convicted at the trial, which could last five weeks.
In addition to the alleged victims and creditors, the settlement covers the proceedings started by former New York state attorney general Eric Schneiderman, who has been succeeded by Letitia James.
The proceedings aim specifically to guarantee the alleged victims will be compensated.
James’s spokesperson also declined to comment.
The settlement amount will be paid out by insurance agencies, the Journal reported, several of which count The Weinstein Company, the production company Weinstein co-founded, among their clients.
Since October 2017, Weinstein — one of the most powerful men in Hollywood before a cascade of sexual misconduct allegations precipitated his downfall — has been accused of sexual harassment and assault by more than 80 women.
Among his accusers are prominent actresses such as Ashley Judd, Angelina Jolie and Salma Hayek.