Middle Eastern Buyers Spent Half a Billion at Christie’s in 2011

Before the beginning of this week’s carnage here in New York, Georgina Adam ran her FT column on the art market which included some commentary on Dubai’s sales. In response to Adam’s questions about the Middle Eastern market, Christie’s Michael Jeha provided this interesting statistic that seems to be a new nugget of information about global market share:

Jeha points out that 8 per cent of Christie’s global turnover in 2011 – $456m – came from Middle Eastern buyers.

The Art Market: Uncertain Times in Dubai (Financial Times)