GIES 2016-‘Islamic art market is at a sweet spot for collectors,’ Louvre Paris and Sotheby’s experts concur
Photo: DUBAI, UAE - OCT 11, 2016: Global Islamic Economy Summit 2016 panel session on Islamic art (L-R) Giuseppe Moscatello, Maraya Art Centre, Mai Eldin, Sotheby's, Yannick Lintz, Louvre Paris, Ahmed Salim, 1001 Inventions (moderator)
DUBAI - Islamic art is currently a buyer’s market as prices continue to stabilize since the peak of 2010, experts said at the Global Islamic Economy Summit 2016 (GIES) yesterday.
“When it comes to investing in art, it’s always a tricky discussion. Unlike bonds or stock, art doesn’t yield a dividend,” said Mai Eldib, consultant at Sotheby’s.
“There has to be something socially and intellectually rewarding when acquiring such pieces. It’s an emotional [connection] and a social responsibility,” she said.
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