Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Qatar Invests in Art to Invest in Its Future

February 22, 2012 by Marion Maneker

Adam Lindemann made a pilgrimage to Qatar to see Takashi Murakami’s Ego show and see what the Qatari Museums Authority is up to. Here’s Lindemann’s take on the Qatari strategy:

The Qatari elite relies on a personal vision, that of the Sheikha (helped by “advisers”), whereas Abu Dhabi’s way relies on institutional credentials (Guggenheim, Louvre) and hired curators vetting and creating the appropriate permanent collection. […] One Qatari intellectual told me that even if the $1.25 billion his country has spent on art to date is worth only $1 billion, the sum total of its public relations victory far outweighs any speculative gain or loss on the art. “Long term,” he said, “this art is a national asset, it is valuable. We will never lose a penny on it.” The current art market isn’t Qatar and the Sheikha’s concern. They have a greater goal, and it looks like they are well on their way to achieving it.

Sushi in the Desert: Takashi Murakami Brings His Ego to Qatar (Adam Lindemann)

More from Art Market Monitor

  • Why Are the Qataris So Discreet? Ask David FrumWhy Are the Qataris So Discreet? Ask David Frum
  • Hope and Ambition in Dubai’s Art MarketHope and Ambition in Dubai’s Art Market
  • Art Dubai RebootsArt Dubai Reboots
  • What Does Qatar Want?What Does Qatar Want?
  • Qatari ComplaintsQatari Complaints
  • Qatar in ContextQatar in Context

Filed Under: Museums Tagged With: Gulf States

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...