In the wake of Emirates NBD announcement of its partnership with the Fine Art Fund, Abu Dhabi’s The National measures the state of the art market in the Gulf States:
Art sales in the Gulf still comprise a fraction of the approximately $50 billion worth of pieces sold globally every year. Sales in the region remain lower than in Norway and Austria, which have never been major players in the trade, Dr McAndrew says. Nevertheless, buyers in the UAE and across the region are clearly getting the art bug, with sales doubling every year for the past few years.
Art market in Emirates is a picture of health (The National)