BT MAGAZINE 2024 VF no marks 8 oct - Flipbook - Page 60
ISSUE 17
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MARKET GROWTH AND APPRECIATION
The Middle Eastern art market is experiencing
significant growth. Institutions like the Louvre Abu
Dhabi and the upcoming Guggenheim Abu Dhabi
underscore the region’s commitment to becoming a
global cultural centre. This growing infrastructure
enhances the visibility and value of Middle Eastern art
on the global stage.
EMBRACING MIDDLE EASTERN ART AS A STRATEGIC
INVESTMENT
Dubai’s ascension as a cultural and artistic hub offers
investors a unique opportunity to diversify their
portfolios through the vibrant Middle Eastern art
market. By engaging with this flourishing sector,
investors enhance the diversity of their financial assets
and contribute to the growth and preservation of
regional cultural heritage.
HIGH-PROFILE EVENTS AND AUCTIONS
Events like Art Dubai and the Sharjah Biennial attract a
global audience, increasing the market value of featured
artists. Notable galleries such as The Third Line and
Lawrie Shabibi regularly exhibit works that appreciate
significantly over time. Additionally, international
auction houses like Sotheby’s and Christie’s have
established a strong presence in Dubai, facilitating
high-profile sales and boosting market confidence.
Events like Art Dubai and the expansion of arts
districts such as Alserkal Avenue underscore the city’s
commitment to nurturing a dynamic art scene. This
evolving landscape promises both cultural enrichment
and potential financial growth, making it an opportune
time for those looking to invest in a market poised for
expansion. With Dubai’s art scene gaining international
acclaim, integrating Middle Eastern art into investment
strategies can yield significant rewards, marrying
financial savvy with cultural support.
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