Billionaires Splash Out on Middle-East Art as Dubai Fair Grows

Billionaire collectors splashed out in Dubai as galleries reported stronger sales and a growing interest in Middle Eastern art.

Business at Art Dubai was better than last year, when the global economic crisis depressed sales, said dealers. Buyers shrugged off worries about political unrest and natural disasters that held back business at the world’s largest art-and-antiques fair, Tefaf, taking place in the Netherlands.