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Home»Art Investors»Qatar an International Hub for Art Auctions
Art Investors

Qatar an International Hub for Art Auctions

By MilyeOctober 19, 20244 Mins Read
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Doha, July 31 (QNA) – Art investors, collectors, and founders of auction houses and art galleries in the State of Qatar affirmed the Doha’s distinguished role as a hub for auctions for precious collectibles, in parallel with its role as a global capital for major cultural, sports and economic conferences and events.

They described to Qatar News Agency (QNA) how that role serves the country’s cultural renaissance, as well as Doha’s ability to attract international auctions and art collectors from the region. They also stressed that artwork was a solid investment thanks to its ability to maintain its value regardless of the economic climate.

Tariq Al Jaidah, founder of Katara Art Center and Eiwan Al Gassar Gallery, told QNA that Doha is one of the world’s most important capitals in terms of hosting regional and international events. He highlighted hosting the FIFA World Cup Qatar 2022 as the biggest evidence of that. He stressed that arts and culture in the country are part of that wider movement in the state, which led to the establishment of a strong cultural base and growing momentum in the local art scene. He said that all these factors combined attracted international auction houses and galleries to take part in that growing movement. He added that all these factors contributed to attracting Doha to the role of global auctions and international galleries, and to a large number of artists and creators from different countries of the world, to be part of this accumulated cultural and artistic movement. He highlighted that this culminated in the Katara Art Center hosting some of Sotheby’s auctions in 2014 and 2015.

For his part Abdulsalam Abou Eissa, who is an art investor and founder of AlBahie Auction House, said that Doha was a big hub for the Arab and international art market thanks to the many events and activities the city hosts. He added that AlBahie Auction House plays a role in raising awareness about modern and Islamic art. 

For her part, the founder and owner of Anima Gallery Ghada Al Sholy, confirmed in an exclusive statement to Qatar News Agency (QNA), the vitality of the art market in Doha, and how it is keeping up with global developments in economy and technology. Al Sholy added that Anima Gallery is keen on enriching this experience through programs, exhibitions and projects, as well as meeting the aspirations of art collectors in Qatar, to get in touch with art icons from around the world and acquire their work, in addition to promoting its own collection with major works of fine art artists and visual arts creators.

     Al Sholy explained that large sectors in the field of investment and the economy were negatively impacted by the repercussions of the Coronavirus (COVID-19) pandemic, which led to an economic stagnation. However, investment in arts was able to overcome that with artworks preserving their material value, and remaining a successful investment, due to the revival of art markets on the Internet, which satisfied health and safety requirements whilst keeping the interaction and investment between collectors and artists running. For that reason, Anima Gallery like other art galleries had to adapt and extend their scope through holding virtual and distance programs and events on their website. This included the artistic and cultural program “Stone Craftsmanship” which was broadcasted weekly during the COVID-19 pandemic.

     Al Sholy confirmed the Anima Gallery’s success in getting in touch with senior artists from around the world, and building bridges of communication with them via social media platforms, giving those interested in fine and visual arts the opportunity to follow and listen to the experiences of artists with social distancing and quarantine. In addition, it enabled those interested in staying up to date with artists’ latest ideas, projects, and works. It also managed to gain collectors’ confidence in investing in art, after the success of artwork acquisition over the Internet.

    As for Anima Gallery’s cultural vision, it has contributed to society by being keen on using environmentally friendly, recyclable and reusable materials in the art it presents, as well as the projects that it implements in cooperation with other institutions in the country, such as: Qatar Energy and Qatar Airways. Similarly, the gallery also hosts artists experimenting with environmentally friendly materials, such as palm leaf and tree leaves. This includes Qatari artist Yousef Ahmad and Lebanese artist Charbel Samuel Aoun.

     At the conclusion of her statement, Ghada Al Sholy stressed that the main message of all of the exhibitions her gallery holds are inspired by Qatar’s vision for the environment, culture and a knowledge-based society, stemming from Anima Gallery’s belief in the humanity of art and its social and cultural contents. (QNA)



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