Qatar Becomes a Worldwide Hub for Art Auctions

Doha has a distinguished role as a hub for auctions of priceless artifacts, alongside its function as a worldwide capital for significant cultural, sporting, and economic conferences and events, according to art investors, collectors, and owners of auction houses and art galleries in Qatar.

They discussed how that function supports the nation's cultural revival as well as Doha's capacity to draw regional and worldwide art collectors and international auctions. They emphasized the fact that artwork was a wise investment since it could hold its worth independent of the state of the economy.

Doha is one of the world's most significant capitals in terms of organizing regional and international events, according to Tariq al-Jaidah, the founder of Katara Art Center and Eiwan Al Gassar Gallery. The biggest illustration of that, in his view, was Qatar's hosting of the FIFA World Cup in 2022. He emphasized that the state's larger movement, which resulted in the development of a solid cultural foundation and a gaining momentum in the local art scene, includes arts and culture in the nation. He claimed that the sum of all these influences drew worldwide auction houses and galleries to join the expanding movement. He continued by saying that all of these elements helped draw many artists and creators from around the world to Doha in order to be a part of the accumulating cultural and artistic revolution. He emphasized that this resulted in certain Sotheby's auctions being held at the Katara Art Center in 2014 and 2015.

Due to the numerous events and activities the city hosts, according to Abdulsalam Abou Eissa, an art investor and the founder of AlBahie Auction House, Doha is a significant hub for the Arab and worldwide art markets. He continued by saying that AlBahie Auction House contributes to the promotion of contemporary and Islamic art.

In an exclusive statement, Ghada al-Sholy, the founder and owner of Anima Gallery, reaffirmed the Doha art market's vitality and its ability to keep up with economic and technological advancements on a worldwide scale. Al-Sholy continued, "Anima Gallery is eager to enhance this experience through programs, exhibitions, and projects, as well as meet the aspirations of art collectors in Qatar to connect with art icons from around the world and acquire their work, in addition to promoting its own collection with significant works by fine art artists and visual arts creators.

showed how the effects of the Coronavirus (Covid-19) pandemic, which caused an economic standstill, negatively affected investment, and economic sectors. Due to the resurgence of online art markets, which complied with health and safety regulations while maintaining the interaction and investment between collectors and artists, investment in the arts was able to overcome that with artworks maintaining their material value and remaining a successful investment.

Al-Sholy asserted that Anima Gallery was successful in connecting with seasoned artists from around the globe and creating communication channels with them via social media platforms, allowing those interested in fine and visual arts to follow and hear about artists' experiences with social exclusion and isolation. Additionally, it made it possible for people interested in staying current with artists' ideas, initiatives, and works. After the success of buying art online, it also succeeded in gaining collectors' trust in art investments.