Hossein Hashempoor: The Visual Arts' Economy Is an Identity Economy
The weird thing is that artists, institutions, and art collectors fail to recognize the signature as a critical strategic tool.
The weird thing is that artists, institutions, and art collectors fail to recognize the signature as a critical strategic tool.
Offering masterpieces for sale at auction and in secondary art markets has become almost uncommon and undoubtedly rare since “The Ultimate Capital Commodity is the Artwork” became the focus of massive economic corporations.
Ali Shirazi, a renowned calligrapher in the Middle East, created the calligraphic piece "بسم اللّٰه الرحمن الرحيم" or "Bismillah ar-Rahman ar-Raheem" (In English: "In the Name of Allah, the Most Beneficent, the Most Merciful"). The exceptional calligraphy and the artist's remarkable ability to write continuously are what set this particular work of art apart.
Oil and the Middle East are not equivalent. The Middle East's greatest resource is its outstanding human potential, which has been kept secret in the oil market for a long time.
It is our honor that a group of Middle Eastern art elites, galleries, collectors, foundations and platforms and many dear artists and art lovers republished the contents of our site and supported us with stories and likes and reposting on Instagram.
There are more live artists nowadays whose prices are skyrocketing, including well-known ones like Gerhard Richter, Damien Hirst, Jeff Koons, etc. Chinese painters have allegedly taken the lead from other artists from this perspective. It only takes a cursory glance at the price lists of European and American galleries to realise that many worldwide artists between the ages of 30 and 40 are selling their creations for crazy amounts of money.
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