Wednesday 13 June 2012

Booming Dubai art market forced to shift gears | Reuters

Dubai has discovered there really are some things money can't buy.

After a decade of petrodollar-driven success that has established it rapidly as a regional financial, trade, tourism and retail centre, the emirate has hit a speed bump in an unexpected arena - art.

Burgeoning enthusiasm for collecting art convinced many that Dubai was about to become an overnight sensation in the international market, putting a gloss of sophistication on the cultural life of the emirate.

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