How online sales cushioned coronavirus’ blow to Middle East art markets

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Fri, 2021-01-22 20:56

DUBAI: Creative industries the world over have suffered under COVID-19 containment measures, which have led to event cancellations and loss of income for artists and venues. Although community-based initiatives in the Middle East have helped art-world professionals weather the worst of the pandemic’s financial blows, the art market itself has been forced to adapt to strange new circumstances.

The global art market, which has an annual worth of $64.1 billion according to Swiss multinational investment bank UBS, had been growing steadily in recent years until the coronavirus outbreak forced galleries to close, stopping sales and exhibitions. (Supplied)
Sherazade Mami, a 28-year-old Tunisian professional dancer and performer at the Caracalla dance theatre and a teacher at the Caracalla dance school, practices while wearing a surgical mask on the roof of her apartment building in the suburb of Dekwaneh on the eastern outskirts of Lebanon's capital Beirut on April 4, 2020. (AFP/File Photo)
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