Despite Dubai's debts, art show is optimistic
- December 06, 2009 10:20
Following state-owned conglomerate Dubai World's recent announcement that it is seeking a standstill on its debt, with its liabilities close to $60 billion, Art Dubai organizers say the 4-year-old show should fare well with an expected 80 international exhibitors next March. Last year, 14,000 visitors attended. DIFC Investments (which owns Art Dubai) was downgraded to receive "low" government support by ratings agency Standard & Poor, according to the Guardian. Even so, the fair's director maintains, “Since September, Dubai has been improving, property has bottomed out, tourism is up..."
100x100_c.jpg "NIKI DE SAINT PHALLE DAWN (Bleue), circa 1993 painted polyester on metal base 55.51 x 45.51 x 25 in. 141 x 115.6 x 63.5 cm.")
![Peter Paul Rubens (Flemish, 1577–1640), After Titian (Tiziano Vecelli) (Italian [Venetian], c. 1488–1576), Rape of Europa, 1628–29. Oil on canvas, 71 7/8 x 79 3/8 in.](/images/c/e2/2e/Jan20_Rape_of_Europa100x100_c.jpg "Peter Paul Rubens (Flemish, 1577–1640), After Titian (Tiziano Vecelli) (Italian [Venetian], c. 1488–1576), Rape of Europa, 1628–29. Oil on canvas, 71 7/8 x 79 3/8 in.")
