Bloomberg: Billionaires Splash Out on Middle-East Art as Dubai Fair Grows

A Bloomberg article discussing this year’s Art Dubai. Sales at this year’s event significantly increased, as did attendance with over 20,000 visitors! 40 pieces over $100,000 were sold at the event.

“Art Dubai is a meeting point for the international and Middle Eastern art communities,” Antonia Carver, Art Dubai’s director, said. “Dubai historically has been important as a trading point for the Middle East and Southeast Asia. Now, the same thing is happening for contemporary art.

Traffic Gallery of Dubai reported 40 works sold for a total of more than $100,000. One of Ahmed Mater’s “Evolution of Man” series (2010) was bought by a Saudi collector for $30,000 just before the fair opened. The light-box work shows a gasoline pump morphing into the X-rayed skeleton of a human holding a gun to his head” (from article cited below)

Check out the bloomberg article below:

http://www.bloomberg.com/news/2011-03-22/billionaires-splurge-on-middle-east-art-as-dubai-fair-rebounds-from-slump.html


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