The UAE Wants to Become the Cryptocurrency Capital of the World. Here's How Art Dubai Is Trying to Help | Artnet News

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The UAE Wants to Become the Cryptocurrency Capital of the World. Here's How Art Dubai Is Trying to Help | Artnet News
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The UAE wants to become the cryptocurrency capital of the world. Here's how Art Dubai is trying to help:

Despite the grim state of world affairs, with a worsening war between Russia and Ukraine dominating headlines and attention spans, the ambiance at Art Dubai’s 15th edition was enthusiastic and hopeful.

“We have been fighting for years to become a leader for the Global South and with this fair, it is now a reality,” Pablo del Val, Art Dubai’s international director told Artnet News. “I think Art Dubai is the least Western art fair that exists, and the energies and dialogues you see makes it more unique than ever.”

Loft Art Gallery from Casablanca, coming back to the event after a seven-year absence, presented works mostly by Moroccan artists, including the revered late painter Mohamed Melehi, photographer Mous Lamrabat, and Marion Boehm. The least expensive works sold for $7,000.

“Dubai is six hours by plane from two-thirds of the world’s population, and a highly dynamic city that is attracting a new audience,” Perrotin said. “We are always keen to bring our artists’ voices to audiences who do not always have the opportunity to engage with their work. The whole region is developing projects around art, and we want our artists to be able to participate in them.”

“We are highly satisfied, and sold works to buyers from the UAE, Lebanon, Belgians, and Americans,” he told Artnet News. “This is a fair that brings the Middle East together. Usually, we sell to more Arabs, but not this time. Dubai has become really cosmopolitan.

The works will sell via an online auction taking place over the course of the fair. Multiple bids have been received in the range of 1 ETH, or roughly $2,700.“We wanted the booth to be a sensory experience and as close to the feeling that one would have if they visited the gallery, since most don’t have a chance to travel to Tehran,” said dealer Hormoz Hematian, the founder of Dastan’s Basement.

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