Louai Kayali's 'Untitled (Portrait of the Artist's Niece)'. Courtesy Sotheby's
Louai Kayali's 'Untitled (Portrait of the Artist's Niece)'. Courtesy Sotheby's

Middle East masterpieces for auction in London



Sotheby's will present rare masterpieces by artists from the Middle East this month in an exhibition that will open to the public in London on April 20 before an auction on April 24. Some of the 20th century works include Recollections I by Monir Farmanfarmaian, Adam and Eve by Mahmoud Said, Bahman Mohasses, I by Bahman Mohasses, Composition Abstraite (Abstract Composition) by Saliba Douaihy, Untitled (Portrait of the Artist's Niece) by Louai Kayali, Bustan Al-Ma'refa (The Orchard of Knowledge) by Shakir Hassan Al-Said, Untitled (Still Life with Pineapple) by Manoucher Yektai, La Clairière (The Meadow) by Antoine Malliarakis Mayo and Untitled (Tree Trunks and Village Scene) by Sohrab Sepehri.

Born in Aleppo, Kayali is considered to be one of the most important Syrian artists of the 20th century. His work, Untitled (Portrait of the Artist's Niece), above, was painted in the 1960s, and depicts his 10-year-old niece with great tenderness and compassion, and comes from the estate of Pearl Baker.

A diplomat and traveller, Baker took a trip to visit her friends in the foreign service in Damascus in 1964, where she was introduced to Kayali, who was there painting portraits for the UN personnel at the time. In her personal memoir, she recalls having bought this painting, which she proudly hung in her living room in Minneapolis, Minnesota.

Meanwhile, Said's Adam and Eve will be on auction for the first time. He is renowned as the founder of modern Egyptian art, flouring during a time of intellectual renaissance in the country. This daring, vivid work from 1937 encapsulates the dialogue between the history of art in Europe and the sensuous qualities of the prevailing Egyptian spirit. Inspired by Old Masters such as Lucas Cranach, Baroque artists Peter Paul Rubens and Rembrandt and the romanticism of Paul Cezanne, Said drew on many influences in a quest for the "magical light" derived from an Egyptian consciousness.

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Read more:

Adrian Ellis on why art scenes are important to civic and national identity

Rise of the art residencies in the UAE

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BEETLEJUICE BEETLEJUICE

Starring: Winona Ryder, Michael Keaton, Jenny Ortega

Director: Tim Burton

Rating: 3/5

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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

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The most expensive investment mistake you will ever make

When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.

“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.

This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).

Age

$250 a month

$500 a month

$1,000 a month

25

$640,829

$1,281,657

$2,563,315

35

$303,219

$606,439

$1,212,877

45

$131,596

$263,191

$526,382

55

$44,351

$88,702

$177,403

 

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BORDERLANDS

Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis

Director: Eli Roth

Rating: 0/5

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