Qatar named world's biggest contemporary art buyer

  • July 07, 2011 09:01

  • Email
L-R : French president's advisor Catherine Pegard, Sheikh Jassem (husband of Sheikha Mayassa), Qatar's Emir's daughter Sheikha Al Mayassa bint Hamad bin Khalifa Al-Thani, Chairperson of Qatar Museums Authority Board of Trustees, French Minister of Culture Frederic Mitterrand, Takashi Murakami, Jean-Jacques Aillagon, attend Japanese artist Takashi Murakami's exhibtion's opening party at Versailles Palace, near Paris, on September 12, 2010.
Photo: Ammar Abd Rabbo via flickr

The energy-rich nation of Qatar has emerged as the world's biggest buyer of modern and contemporary art, according to a report in The Art Newspaper.

Working with agents, and buying from dealers and at auction, the country has been building an immense art collection over the past 6 years.

A driving force in the arts is Sheikha Al Mayassa Bint Hamad Bin Khalifa Al-Thani—the 27-year-old daughter of the Emir of Qatar--who recently tapped Christie’s chairman, Edward Dolman, to become executive director of her office and oversee the Qatar Museums Authority (QMA).

Among the recent major art deals thought to have gone to Qatar are the 11 "Merkin Rothkos," $310m worth of Mark Rothko paintings from the collection of fallen financier J. Ezra Merkin; the $400m Sonnabend estate with works by Lichtenstein and Koons; and Andy Warhol’s The Men in Her Life, 1962, which sold for $63.4m at Phillips de Pury in New York in November 2010; among other significant works.

Read more at The Art Newspaper


  • Email

More News Feed Headlines

Joseph Mallord William Turner (1775-1851) Sunset, 1830-5.

After 13 Years, ARTFIXdaily to Cease Daily News Service

  • ArtfixDaily / August 15th, 2022

ARTFIXdaily will end weekday e-newsletter service after 13 years of publishing art world press releases, events and ...

Read More...
Einar and Jamex de la Torre, Critical Mass, 2002 (Courtesy of the Cheech Marin Collection and Riverside Art Museum).

Inaugural Exhibition at The Cheech Highlights Groundbreaking Chicano Artists

  • ArtfixDaily / July 7th, 2022

One of the nation’s first permanent spaces dedicated to showcasing Chicano art and culture opened on June ...

Read More...
Jacob Lawrence,.  .  .  is life so dear or peace so sweet as to be purchased at the price of chains and slavery?—Patrick Henry,1775 , Panel 1, 1955, from Struggle: From the History of the American People, 1954–56, egg tempera on hardboard.  Collection of Harvey and Harvey-Ann Ross.  © 2022 The Jacob and Gwendolyn Knight Lawrence Foundation, Seattle / Artists Rights Society (ARS), New York.

Crystal Bridges Explores the U.S. Constitution Through Art in New Exhibition 'We the People: The Radical Notion of Democracy'

  • ArtfixDaily / July 7th, 2022

Original print of the U.S. Constitution headlines exhibition sponsored by Ken Griffin (who purchased it for $43.2 ...

Read More...
Salvador Dalí (1904–1989), Christ of St John of the Cross, 1951, oil on canvas © CSG CIC Glasgow Museums Collection

Dalí / El Greco Side-by-Side Exhibit Prompts: 'Are They Really Paintings of the Same Thing?'

  • ArtfixDaily / July 6th, 2022

From July 9 to December 4, 2022, The Auckland Project in the U.K. will unite two Spanish masterpieces from British ...

Read More...

ARTFIXdaily Artwire