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This month, the Dubai government launched Al Quoz Creative Zone, a new hub for creative businesses, including those involved in the visual arts, cinema, music and cultural heritage, to be located in the industrial area of Al Quoz.
To kickstart the initiative, Dubai Culture conducted the first Al Quoz Accelerators workshop, aimed at bringing together committee members from the creative community in order to discuss development plans for the zone and to outline courses of action for the next 100 days.
As a collective effort, our ultimate goal is to become a centre of attraction for creative talents from around the world and to become a global community and capital for the creative economy.
$25m
“For big fat capitalists, it has been an incredible year,” says
Belgian art collector and market watcher Alain Servais. “The S&P [stock market index] has grown by 100 per cent since the dip in March last year. Portfolios have been rising by about 10 per cent and 25 per cent. A lot of people have made a lot of money over the past 12 months.” Belgian collector Alain Servais. Michel Loriaux
For the art market, the change is not only
that there is more money in the system, it’s that the money is coming from different places, and going to different artworks.
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Art Dubai 2021: With a sold-out first public day, the fair sees steady sales of up to $3 million
Regional institutions such as Art Jameel have also made several acquisitions at the fair
Art Dubai 2021 opened on Monday, March 29, with the first three days restricted to VIPs and invite-only guests. All photos by Antonie Robertson / The National
A work by Ivan Argote sold in the $20,000 to $35,000 range at the booth of Galeria Albarran Bourdais from Madrid.
Art Jameel acquired a work by Brook Andrew from Galerie Nathalie Obaida.
Dubai s Custot Gallery sold a work by Greek artist Sophia Varia for $100,000.
An installation piece by Julien Boudet titled Broken Dreams, which features rims collected from scrapyards in Sharjah, sold for $8,000 at newcomer Stems Gallery s booth.