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Art Basel has announced a surprise deal to launch a new art fair in Qatar next year, partnering with Qatar Sports Investments (QSI) and QC+, a subsidiary of Qatar's sovereign wealth fund and commercial arm of Qatar Museums. The fair will debut with around 50 galleries in Doha, intentionally smaller than Basel's other fairs, with a distinct character aimed at building a long-term, sustainable event. The deal comes after rumors that Basel might take over Abu Dhabi Art, and as the region's art scene intensifies, with Art Dubai recently poaching Basel's global head of gallery relations Dunja Gottwies as its new director.

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ARTnews interviews Mohammed Hafiz, co-founder of Athr Gallery in Jeddah, Saudi Arabia, as part of its Newsmakers series. Hafiz discusses the evolution of the Saudi art scene since Athr's founding in 2009, the gallery's expansion into multiple locations and a foundation offering grants and residencies, and the role of grassroots patrons and collectors before the Ministry of Culture's involvement in 2018. The interview, conducted at the Athr Foundation in Riyadh during the first annual Art Week Riyadh, also touches on Hafiz's personal history with art, including buying his first artwork in high school in the 1990s, and challenges misconceptions that the Saudi art scene began only recently.

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Frieze will launch an Abu Dhabi edition in November 2026, shortly after Art Basel opens in Qatar in February 2026, joining Art Dubai and Art Week Riyadh in an increasingly crowded Middle Eastern art fair landscape. Meanwhile, Chanel has opened mainland China's first public contemporary art library, Espace Gabrielle Chanel, at Shanghai's Power Station of Art, housing over 50,000 books and audiobooks. In other news, New York Mayor-Elect Zohran Mamdani named an arts transition committee including Elizabeth Alexander and Ruba Katrib, and London's major museums have seen a surge in large philanthropic donations, including a £10.3 million pledge to the British Museum and two £150 million gifts to the National Gallery.

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The editor's letter for the 2025 ARTnews Top 200 Collectors issue recounts a cinematic moment at Art Week Riyadh in Saudi Arabia, where a government-affiliated collector described their role as "everyone and no one," reflecting the behind-the-scenes, museum-focused art acquisitions under Vision 2030. The issue features a report by Melissa Gronlund on the Gulf art scene, noting that Saudi Arabia is prioritizing museums and noncommercial programming before an independent market can emerge, while private collectors and foundations are also gaining ground. The article also highlights the cooling art market in Europe and the US, with collector Christen Sveaas criticizing blue-chip galleries for over-commercial pricing strategies.

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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.

The UAE’s art market is on the up

The UAE's art market is experiencing a resurgence nearly two decades after the 2008 financial crash, driven by a booming economy and strategic investments. Key developments include an Abu Dhabi sovereign wealth fund, ADQ, acquiring a $1 billion stake in Sotheby's, and Art Basel announcing a new fair in Doha, Qatar, set to launch in February 2026. Meanwhile, Christie's is expanding its Dubai office, and Saudi Arabia hosted its inaugural Art Week Riyadh in April, featuring 32 commercial galleries. Despite these regional moves, Dubai remains the Gulf's commercial art hub, with Sotheby's chairman Edward Gibbs noting a 70% increase in regional bidders over five years and Christie's president Anthea Peers reporting that sales of modern Middle Eastern art trebled between 2020 and 2024.

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.

Vittoria Matarrese new director of the Magasin in Grenoble

Vittoria Matarrese nouvelle directrice du Magasin de Grenoble

Vittoria Matarrese has been appointed as the new director of the Magasin, the National Center for Contemporary Art in Grenoble. The Italian architect and curator, who previously held positions at the Villa Medici in Rome, the Palais de Tokyo in Paris, and the Bally Foundation in Lugano, and most recently led the first Art Week Riyadh, succeeds Céline Kopp. Her appointment comes as the institution seeks a new direction after a prolonged period of crisis.