CNN: Megabucks sex up Middle East art explosion

CNN.com article about increase in art spending and collecting in Arab World

“For many it also represents a wider trend that sees the Middle East coming of age as a global powerhouse of art patronage; a rite of passage that is also fueling a scramble by auction houses for a share of the cash.

“There have been people collecting from the region for many years, but there has been a perfect storm happening in the last decade,” says Antonia Carver, director of Art Dubai, the region’s largest cultural expo.” (from article below)

Check it out:

http://articles.cnn.com/2010-11-05/world/middle.east.art_1_turkish-art-art-market-display-of-contemporary-art?_s=PM:WORLD

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