Aggregated GCC Business and Finance News (copyright to all articles remain with the publisher)
Monday, April 1, 2013
A new capital for art
If the museum of Islamic art and Jean Nouvel’s Burj Doha look like Qatar’s most permanent investments in architecture, the real art business in the country is growing somewhere else.
Art collectors in Doha are gearing up for action, and renowned auction houses are sensing this phenomenon. Altogether, 55 percent of Christie’s international buyers come from the Middle East and since 2004 the London-based auction house saw new buyers in the Middle East growing by a startling 400 percent.
“The most committed country to collecting art in the region is Qatar. Qatar stands out as being nationally interested in art,” says Robin Woodhead, the chairman of Sotheby’s International. Sotheby’s first engaged with the Qatari collectors in 1989 with an auction of Arabian horses and today is the first and only international auction house to have an office in Doha.
Read more: http://www.arabianbusiness.com/a-new-capital-for-art-495775.html
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