Sotheby’s $1 Billion Boost and the Middle East’s Rise in the Global Art Market

Sotheby’s recent investment from Abu Dhabi’s ADQ reflects a broader shift toward the Middle East’s growing influence in the global art market.

Exterior view of the Louvre Abu Dhabi with its striking white dome and intricate design.
The grand exterior of Abu Dhabi’s Louvre museum on Saadiyat Island, a landmark in the UAE’s cultural transformation. With new cultural landmarks, ambitious art fairs, and strategic investments in Saudi Arabia and the UAE, the region is fast becoming a powerhouse for art and luxury. But as Western brands expand eastward, local relevance and true cultural connection remain essential questions. Photo by Yan Ma.

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