Sheikh Mohammed Bin Rashid Al-Maktoum, Vice-President and Prime Minister of the UAE, Ruler of Dubai with John Martin, Director of Art Dubai.
The report, Globalisation and the Art Market, Emerging Economies and the Art Trade in 2008 takes a detailed look at the growing importance of China, Russia, India and the Middle East in the art market in recent years. It also examines the past and possible future effects of the current world economic climate on international art buying.
Andrea Carson writes on contemporary art, architecture and design...
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While Dubai’s economy might prevent it from overextending its acquisitions in art like Qatar’s record breaking buying spree since the 80s, it’s nice to see an amazing private collection like Yves Saint-Laurent, auctioned last weekend in Paris break at least 5 records and put Paris back on the international art world’s prime spot. Proof there is still money for art!
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