Analysis by Seyedmohammad Omrany Art Basel Doha: A New Turning Point in the Middle East Art Economy
Analysis by Seyedmohammad Omrany Art Basel Doha: A New Turning Point in the Middle East Art Economy
Analysis by Seyedmohammad Omrany Art Basel Doha: A New Turning Point in the Middle East Art Economy
Over the past decade, the economy of visual arts in the Middle East has shifted from a marginal and largely symbolic sphere to a significant component of the region’s cultural equations, investment strategies, and even soft-power diplomacy.
In recent years, the Middle Eastern art market has experienced remarkable growth—a growth that not only reflects the region’s rich cultural potential but also signals a unique opportunity for intelligent investment in the creative economy.
There are more live artists nowadays whose prices are skyrocketing, including well-known ones like Gerhard Richter, Damien Hirst, Jeff Koons, etc. Chinese painters have allegedly taken the lead from other artists from this perspective. It only takes a cursory glance at the price lists of European and American galleries to realise that many worldwide artists between the ages of 30 and 40 are selling their creations for crazy amounts of money.
Chambers of Commerce & Fresh Air for Middle Eastern Art By Seyedmohammad Omrany
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