gulf art scene global force

The article reports on the rapid expansion of the Gulf art scene, with a packed calendar of events from November to March including Abu Dhabi Art, the Diriyah Contemporary Art Biennale, Noor Riyadh, Desert X AlUla, Art Basel Qatar, Art Dubai, and the Sharjah Biennial. Institutional buying is surging as Abu Dhabi prepares to open its Guggenheim, Qatar Museums acquires for the Art Mill, and Saudi Arabia buys for multiple planned museums. The number of collectors is also growing, driven by a "Covid bounce" of high-net-worth individuals relocating from Europe and India to tax-efficient Dubai and Doha, with 6,700 millionaires moving to the UAE in 2024 alone.

New £5.5m record for Islamic glass leads London sales

The spring Islamic and Indian art auctions in London, held at Sotheby's and Christie's in late April, achieved strong results despite geopolitical tensions. Sotheby's Arts of the Islamic World & India sales totaled £14.8m, while Christie's Art from the Islamic and Indian Worlds sale and the Mary and Cheney Cowles collection brought in £17.6m. The top lot was a rare 14th-century Mamluk gilded glass bowl from the Toledo Museum of Art, which sold for £5.5m—a new auction record for Islamic glass. Other highlights included a 17th-century Mughal astrolabe that sold for £2m at Sotheby's, setting a record for an Islamic scientific instrument, and strong sales of Iznik ceramics from two old English collections.

Japan's Art Market Growth and Asian Art News

japans art market growth asian art news

Japan’s art market demonstrated remarkable resilience in 2024, growing by 2% to reach $692 million despite a 12% contraction in the global art market. A government-commissioned report by economist Clare McAndrew revealed that the Japanese market is characterized by high-volume, lower-value transactions, with 93% of sales occurring at price points under $10,000 and dealers accounting for the vast majority of trade.

This 17th-Century ‘Supercomputer’ Could Set a New Auction Record

A rare 17th-century Mughal astrolabe, crafted in Lahore in 1612 by brothers Qa'im Muhammad and Muhammad Muqim, is heading to Sotheby's London on April 29 with an estimate of £1.5 million to £2.5 million ($2 million to $3.4 million). Weighing nearly 20 pounds and measuring the diameter of a large cooking pot, it is one of only two known astrolabes by these makers—the other resides in the National Museum of Iraq. Commissioned by Aqa Afzal, a Safavid-born deputy governor of Lahore, the instrument lists 94 cities, 38 stars, zodiac signs, and includes quadrants for trigonometry and solar calculations, blending Islamic and Sanskritic astronomical traditions.

Major collection of Indian paintings and calligraphy to be offered at Christie's

Christie's London will auction a major collection of Indian paintings and calligraphy from the Seattle-based collectors Mary and Cheney Cowles on April 28, with an estimated total exceeding £1.5 million. The sale is dominated by Mughal-era works from the 16th to 19th centuries, including a highlight piece from the Fraser Album estimated at £180,000, and features rare examples of "Mughal Occidentalism" where court artists incorporated European motifs.

Modern and Contemporary Middle Eastern Art: Online - Christie's

Christie's is presenting an online sale titled "Modern and Contemporary Middle Eastern Art: Online" from June 2–16, 2026, in London. The auction features 62 lots by leading modern and contemporary artists from the Gulf, the Levant, Iraq, Iran, and North Africa, including works by Samia Halaby, Saliba Douaihy, Baya, Parviz Tanavoli, Mohamed Melehi, and Abdul Halim Radwi. The sale marks 20 years since Christie's inaugural Middle Eastern art auction in the UAE in 2006.

All you need to know about Klimt’s canvas that is now the most expensive modern artwork

Gustav Klimt's "Bildnis Elisabeth Lederer" (Portrait of Elisabeth Lederer) sold for $236.4 million at Sotheby's first auction in its new Breuer building location in New York, becoming the most expensive modern artwork ever sold at auction. The 1914-1916 portrait depicts Elisabeth Lederer, daughter of Klimt's patrons Serena and August Lederer, and was previously owned by Estée Lauder heir Leonard A. Lauder, who died earlier this year. The painting was looted by the Nazis during World War II, returned to the Lederer family in 1948, and later sold in 1983.

Why is the art market turning Gulf-wards?

The art market is shifting its focus toward the Gulf region, particularly Saudi Arabia and the United Arab Emirates, following a sharp decline in Chinese luxury goods sales (18–20% drop in 2024) and a 31% slump in Chinese art sales. Auction houses like Sotheby’s and Christie’s have established outposts in Saudi Arabia, with Sotheby’s first auction in Diriyah generating $17.3 million and attracting 35% new buyers. The UAE’s tax-haven status and lack of sanctions on Russians have drawn wealthy residents, while Saudi Arabia’s Vision 2030 campaign, led by Mohammed bin Salman, is pouring money into cultural projects such as AlUla, Art Week Riyadh, the Islamic Arts Biennale, and a new teamLab Borderless museum in Jeddah.

Colnaghi, world's oldest gallery, to open Saudi Arabian outpost

Colnaghi, the world's oldest surviving art dealership founded in 1760, will open a new outpost in Riyadh, Saudi Arabia, following a deal worth 10 million Saudi riyals (around £2 million) with the Saudi private equity firm Sarat Investment Holding. The gallery, which specializes in Old Masters, antiquities, and pre-20th century art, already has locations in London, New York, and Madrid. The opening date has not been announced, but the move marks the first time an Old Master gallery has entered the Saudi market, a surprising development given that most art sales in the kingdom focus on Modern and contemporary works.

Middle Eastern art takes center stage in Sotheby’s London exhibition

Sotheby’s London is hosting an exhibition previewing highlights from its upcoming Modern & Contemporary Middle East and Arts of the Islamic World & India auctions. Featured works include Abdulhalim Radwi’s 'Untitled (Desert Scene)' (1975), a mix of oil and sand on canvas estimated at £40,000–£60,000; Ahmed Mater’s 'X-ray Painting 5' from his pioneering series blending medicine and art; Paul Guiragossian’s 'Portefaix en Chomage,' depicting unemployed porters; and Fahrelnissa Zeid’s 'Untitled (Flowers)' from the late 1940s, bridging figurative and abstract styles.

Everything to Know About Christie’s Modern Middle Eastern Art Auction

Christie’s has opened an online auction of Modern and Contemporary Middle Eastern Art, running through May 8th and featuring 69 works from across the Gulf, Levant, North Africa, Iraq, and Iran. The sale is led by pioneering artist Samia Halaby’s 2013 painting 'Water Lilies', estimated at $100,000–$150,000, and includes a dedicated 'Saudi Now!' section with 12 pieces by Saudi artists such as Ahmed Mater and Manal AlDowayan. Over a third of the lots are by women artists, including Etel Adnan, Helen Khal, Huguette Caland, Tala Madani, and Tagreed Darghouth, alongside North African figures like Mohamed Melehi and Hassan Hajjaj.

Led by £10.2m cheetah miniature, Aga Khan collection breaks all-time record for South Asian art sale

A single-owner sale of 95 lots from the collection of Prince Sadruddin Aga Khan at Christie's London achieved £45.8m ($61m), shattering the presale estimate of 'in excess of £8m' and setting a new all-time record for any South Asian art sale. The top lot, Basawan's miniature *A Family of Cheetahs in a Rocky Landscape* (circa 1575-80), sold for £10.2m ($13.6m), becoming the most expensive classical Indian or Islamic painting at auction. The sale also featured eight works from the Fraser Album, which together made £6.2m, and a portrait by Dust Muhammad that fetched £2.7m.

Double-edged sword: arms and armour play a small—but mighty—role at Frieze Masters

At Frieze Masters, dealer Peter Finer presents a stand filled with historical arms and armour, including a gilded horse-and-rider suite priced at £1.8 million, an Italian Renaissance sword with a Medusa hilt, and a late 16th-century crossbow. Prices range from £6,500 to seven figures. Finer, whose dealership was founded in 1967, is the sole specialist in this category at the fair, with clients ranging from major museums to niche collectors, such as a Viking sword enthusiast. Other scattered examples include a silver-gilt Shield of Achilles at Koopman Rare Art and Bronze Age spearheads at Rupert Wace.

With sanctions on Iranian art, buyers are turning to India

The article reports a significant shift in the Islamic art market, where traditional Persianate works from Iran are declining in sales and value, while art from India and historic Arab polities is rising. At Sotheby's April 2025 sale, 14 of 27 Persian works went unsold, continuing a long-term slump. Key factors include U.S. sanctions on Iran that restrict export of Iranian-origin works, aging collectors, maturing museums, and a generational shift away from classical art toward contemporary pieces. In contrast, Mughal art from India is experiencing a steady price increase, reflecting the repositioning of the market away from Persianate mainstays.