Saturday, 12 February 2011

Auction in Kuwait - JAMM - year 2

JAMM keept its promise after last year's auction in Kuwait. This year's auction was in a another venue, but the art displayed and sold through bidding was of equal quality if not more prolific.

For the event of the 9th of February 2011, JAMM selected around 90 art pieces, from paintings, photographies, sculptures, neon installation etc...

Artists came from Kuwait,  the Arab world, Iran, Turkey, and western countries. Some of these artists are just starting their careers, others are well established in Kuwait and out of Kuwait, some have a long history of recognized works.
Subjects had the classic calligraphy, modern calligraphy, political art, icons in theArab world, icons worldwide, classic Kuwaiti scenes and many more...
The eclectic choices showed an understanding of how the local market will react.

Pieces like the Damien Hirst prints were not perceived as a hot buy and did not make the expected high numbers. Art Critiques were saying that the market in kuwait was not a speculative one, they don't buy to resell and make immediate profit. They seem to need an emotional connection to the pieces they bought.
Overall, the experience was worthy of all the efforts.
Next year will hopefully be even better.

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