Top artists for Art Dubai
Dubai, March 15, 2008
East meets west as artists Ahmed Mustafa, Farhad Moshiri, and Fateh Moudarres to Andy Warhol, Damien Hirst, and Anish Kapoor share the limelight next week at the second edition of Middle East’s first and largest art fair – Art Dubai.
The second edition of Art Dubai, from March 19 to 22, 2008, will be held under the patronage of vice-president and prime minister of UAE, and Ruler of Dubai His Highness Sheikh Mohammed Bin Rashid Al-Maktoum.
Art enthusiasts, collectors and investors can look forward to a celebration of all forms of contemporary visual art – paintings, sculpture, photography, video work, and large-scale installations - to suit every taste and budget, reflecting the many cultures and diverse demographics for which Dubai has become such an important hub, said an official spokesman.
Art Dubai’s co-founder and fair director John Martin urged both private collectors and institutional art investors to get on the contemporary art buying ladder sooner rather than later given the rising sticker prices for pieces from the Middle East including Iran, India, Pakistan, China, and Latin America.
“Estimates from art funds, auction houses, galleries and other information sources indicate that the market for Arab and Iranian contemporary art could reach $30 million this year, compared to the Indian art market at about $130 million and Chinese art at more than $500 million in 2008,” Martin said.
Art from around 50 artists from the Middle East region will be for sale during Art Dubai, from recent auction record-breakers such as Fateh Moudarres, Farhad Moshiri and Shirin Neshat to some completely unknown to the market and unseen for decades, establishing a strong and vibrant secondary market for Arab and Iranian art in the region. – TradeArabia News Service