Electrifying trade fair: Dubai becomes the art market center in the Middle East

Electrifying trade fair: Dubai becomes the art market center in the Middle East

Mother Earth floods the monumental screen with sparking, hypnotically pulsating color fountains that move in waves and waves, explode in culinary and form again.

The multimedia Ouchhh studio with its headquarters in Istanbul has data flows from the NASA satellite network, which document the climate change in real time, with the help of artificial intelligence into the gigantic light sculpture “Mother Earth”: A high-energy painting from data and algorithms-a tribute to our nature and at the same time. To take responsibility for you.

The work in front of the entrance to the digital section of the Art Dubai acts like a symbol of the concentrated energy that this output of the fair with its around 120 exhibitors from 65 countries and five continents exudes.

Digital smartness, not least in order to maintain your own cultural heritage, combine innovation and tradition with the use of high tech, is one of the main concerns of the main sponsor ARM Holding, the investment group of sheikh Ahmed bin Rashid al Maktoum, the youngest brother of the ruler of Dubai.

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A year before her 20th anniversary, the fair, according to its artistic director Pablo del Val, proves her DNA as “window to the global south” more than ever. It fits that the Austrian Dunja Gottweis, previously worked for Art Basel as Global Head of Gallery Relations and most recently for trade fairs in Basel, Hong Kong, Miami and Paris, is new trade fair director and other curators are to further increase the content and programmatic quality.

Stable relationships with the regulators of the region

In the two main halls of the Madinat Jumeirah, the largest and most luxurious department in the Emirate, galleries from the Middle East, Iran, from India, Korea, Indonesia, Pakistan, Africa, China, Latin America or Caribbean dominate.

Her European colleagues, including the Global Player Perrotin, Continua or Almine Rech, discovered Dubai early as a multicultural art market center of the Middle East and have now developed stable relationships with the region’s collectors, which in turn buy increasingly globally and locally.

On the preview day of the fair there was an almost euphoric mood among the museum directors, including Mohamed Almusibli (Kunsthalle Basel), Stephanie Rosenthal (Guggenheim Abu Dhabi) and Hans Ulrich Obrist from the Serpentine Gallery in London, as well as curators such as Azu Nwagbogu, founder and head of African Artistation (AAF), and collectors such as Reem El Roubi & Amir Daoud, Natalia Kapchuk, Farhad Bakhtiar or Sultan Al Qassimi.

The number of millionaires in Dubai rises

Little can be felt from the economic crisis that searches for Europe and the USA, on the contrary. Ben Floyd, CEO of the Art-Dubai Group, whose flagship is above all the trade fair in addition to the Dubai Design Week, quotes a study by Henley & Partners, according to which the number of millionaires in Dubai has doubled in the past ten years and is supposed to double again by 2035: “Usually the luxury sector and art benefit.”

What the Art Dubai impressively proves on the preview day. The Gallery Andréhn-Schiptjen-Stjenko, established in Stockholm and Paris, sold several works at prices between 17,000 and 30,000 euros, including fragile mystical bronze by the French-American sculptor Sabine Mirleness.

Also more conventional art stems are present on the species Dubai.

© Cedric Ribeiro

The artist Fulgurite has incorporated into her work attached to the wall like cords on the wall, rocks into which a flash hit. The German artist Michael Sailstorfer at Carbon 12 from Dubai is also successful with the series “Air Electric”, for which he uses direct current and thin copper tissue to paint fascinating, half -abstract landscapes electrically (around 11,000 euros).

Mass with growth potential

Also photo works by Julian Charrière from the series “Sunsets in Stone” (25,000 euros) are in demand, the Swiss artist is present in Dubai at the Ruinart sponsor and his French gallery Perrotin. Perrotin has just opened the youngest location in Dubai; Director Cécile Attal is certain: “There are few regions with this growth potential”.

Thanks to the European Fund Colony Investment, which has acquired 51 percent of the gallery, its confidence is understandable. Highlights were still at the stand, including Takashi Murakamis Mangastyle-Blüten-Tondo (around 400,000 euros), and significant works such as mirror work by Michelangelo Pistoletto (190,000) are also waiting for collectors at the Continua stand. However, the fairly selling price range of the fair is between 5000 and 50,000 euros: what goes beyond also takes more time.

The perspectives for Dubai as an interesting artificial design of the Middle East and his fair Art Dubai could not be better, especially since Saudi Arabia is now also investing massively in contemporary art. The new players of the contemporary art market network. You have obviously understood that relationships arise from the variety of differences.

Source: Tagesspiegel

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