Close Menu
Finance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Facebook X (Twitter) Instagram
Trending
  • Committee divided on value of new Guernsey finance strategy
  • Best Degrees for a Hedge Fund Career: Finance, Math & More
  • Investment platforms and building societies clash over new Isa rules
  • What counts as art, and who gets to decide?
  • Hyderabad based UpTik to host international conference on investments and global affairs at BSE
  • Finance expert warns making this mistake could break the law
  • Converting A Nebra Cryptocurrency Miner To A Meshcore Repeater
  • Is the US Dollar the World’s Most Successful Cryptocurrency?
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
Finance ProFinance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Finance Pro
Home»Art Investment»‘Art in Saudi Arabia’: The Black Gold Rush
Art Investment

‘Art in Saudi Arabia’: The Black Gold Rush

February 23, 20244 Mins Read


A new book by Rebecca Anne Proctor with Alia Al-Senussi promises some explanation of what’s going on

If you haven’t been living under a rock during these postpandemic times, you’ll likely have heard about a string of public art projects, Desert Xs and biennials popping up in Saudi Arabia, as well as a string of the type of curators (the Iwona Blazwicks, Phil Tinaris, Neville Wakefields, Uta Meta Bauers) that are running them. This slim book promises some explanation of what’s going on. At the heart of it all is Saudi Crown Prince (and Prime Minister) Mohammed bin Salman bin Abdulaziz’s Vision 2030 ‘reform agenda’. He’s popularly known as MBS, but best known for orchestrating a job of human butchery (acknowledged, briefly, here). His vision encompasses top-down investment with the aim of creating social and economic diversification away from the tyranny of oil and into sports, arts and other things that people like, rather than dislike. Although, to be fair, we all continue to consume a lot of oil even while we decry its environmental costs. In any case, the MBS we meet here is a freedom fighter if you like (not just from the nation’s slavish dependence on the black gold, but also, when it comes to art, the authors tell us, from a conservative public created by Conservative Islam, who, and I’m going to shock you here, don’t like or connect to contemporary art). He’s just trying to get people to relax. And create a favourable environment for local and international investment. Some of it in art.

MBS himself is investing in The Line, a 170km-long ‘linear city’ (comprising a single continuous structure). The Line, as others have pointed out, looks like Italian collective Superstudio’s Continuous Monument (shown at MoMA in 1972), which was intended as a commentary on the uniformity and lack of freedom brought about by an overinvestment in capitalism; but in its Saudi incarnation, it is a monument to freedom (for the reasons given previously). To be fair, the authors of this book have a keen sense of irony/hypocrisy themselves, rightly finding it in many of the (Western) criticisms of Saudi’s arts policy. Those criticisms centre around the fact that the Gulf State is creating an arts infrastructure based on the belief that art is an investment, where it is the case that institutions in, say, the UK deploy the same terminology when faced with government budget cuts.

Yet this is not a publication with any real kind of argument, in the sense that those opposed to the 2030 scheme are not really represented here. The fact of dissent (generally) is acknowledged from time to time, but dissent itself is never given a voice on these pages. Instead there are anonymous voices from Art Basel (criticising Saudi artists who spoke out) and commentary from curators (see above) already on the Saudi payroll. There’s a comparative study of regional competitors (Qatar – for whose museums this reviewer occasionally curates – and the United Arab Emirates) that declares it’s going to make the case for why Saudi is different, but merely concludes that Saudi is focused on its own artists and cultural resources (rather than foreign imports), which are more bountiful than those across its borders as a result of statistical probability: it has a larger population than its neighbours. Disappointingly, then, the brief but not uninteresting chapter on Saudi’s contemporary art history doesn’t go deep enough to really back this verdict up (which is most likely correct). Indeed, given all that, it’s bizarre that this book has come out in a series that aspires to be (under the auspices of the Sotheby’s Institute) academic publishing. It falls far short of that.

Art in Saudi Arabia: A New Creative Economy? by Rebecca Anne Proctor with Alia Al-Senussi. Lund Humphries in association with Sotheby’s Institute of Art, £19.99 (hardcover)

Mark RappoltBook Reviews23 February 2024ArtReview



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

9 things genuinely wealthy people invest in that middle class families overlook completely – VegOut

January 10, 2026 Art Investment

The Art Resale Market Report 2025: Resale value, market growth, and investment potential of Nigerian artists 

December 23, 2025 Art Investment

The art of investing in spite of melting asset values as leases decay

December 18, 2025 Art Investment

Seeing gold in decaying leases: Yield, unlocked potential draw property investors to likes of Hotel Miramar

December 18, 2025 Art Investment

Uğur Akkuş Completes Landmark Acquisition of Andy Warhol’s “Muhammad Ali” at Miami Art Basel 2025

December 9, 2025 Art Investment

The Art Club Tbilisi Debuts With a Winter Rooftop Gathering

December 7, 2025 Art Investment
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Committee divided on value of new Guernsey finance strategy

January 23, 2026 Finance 2 Mins Read

When the report was initially commissioned last year, two of the five members of ED…

Best Degrees for a Hedge Fund Career: Finance, Math & More

January 23, 2026

Investment platforms and building societies clash over new Isa rules

January 23, 2026

What counts as art, and who gets to decide?

January 23, 2026
Our Picks

Committee divided on value of new Guernsey finance strategy

January 23, 2026

Best Degrees for a Hedge Fund Career: Finance, Math & More

January 23, 2026

Investment platforms and building societies clash over new Isa rules

January 23, 2026

What counts as art, and who gets to decide?

January 23, 2026
Our Picks

Investment Trusts Explained: How to Invest and Build Your Portfolio with Us

January 22, 2026

IIFL Finance Q3 Results: Stock tanks 15% despite sharp surge in Gold loans; Here’s why

January 22, 2026

Temporary finance director joins Shropshire Council amid cash woes

January 22, 2026
Latest updates

Committee divided on value of new Guernsey finance strategy

January 23, 2026

Best Degrees for a Hedge Fund Career: Finance, Math & More

January 23, 2026

Investment platforms and building societies clash over new Isa rules

January 23, 2026
Weekly Updates

Capella Hotel Group embraces cryptocurrency

October 16, 2024

Treasury bonds are good investments at this time of year – but not because of the Fed

November 5, 2025

Blue Origin now accepts cryptocurrency for space flight bookings

August 12, 2025
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
© 2026 Finance Pro

Type above and press Enter to search. Press Esc to cancel.