Reblogged from Financial Post | Business:
DUBAI — 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.
One Response to “Dubai art market's 'false dawn' forces it to shift gears”