Ahead of Art Dubai, the city’s annual contemporary art fair, New York and London galleries were phoning the organisers worried that tales of Dubai’s demise foreshadowed a disastrous fair.
Dubai’s economy may still be in a bit of a funk because of the global slowdown but the region’s nascent art market appears to be holding up better than the emirate’s tumbling property sector.
After quiet British and US fairs and a collapse in art prices, some gallery owners had feared the third running of the Dubai event would be a “bloodbath”. But the feeling at the fair on Friday was one of relief as the predictions proved misplaced.
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