Art and the corporate world go hand in hand, led by many of the world’s wealthiest banks, in a bid to reflect their taste and philanthropic leanings through their collections. And while the art scene in the UAE is still verging on the embryonic, some local businesses are already showing off their artistic licence.
Private Swiss bank Julius Baer, which has an office in Dubai International Financial Centre, has collected art – mostly contemporary and by Swiss artists – since the 1930s.
It is deliberately accessible to all employees, displayed in meeting rooms, offices, canteens, foyers and corridors. “At Julius Baer, art is not purchased for the sake of investment or prestige,” says the bank’s art curator Barbara Staubli. “Artworks are part of our corporate culture and everyday life.
“Art in the workplace opens up new horizons, motivates us to see things from a different perspective and is often a good starting point for an exchange of views.”
In Dubai, there are 47 pieces of art on display in both meeting rooms and general employee areas, including a series of five works by Mai-Thu Perret, a Swiss artist of Franco-Vietnamese origin, and a lithograph by Shirana Shahbazi, an Iranian-born photographer who lives in Switzerland.
Banks are not the only large-scale collectors. Microsoft has been curating a 5,000-strong art collection since 1987 which, it proudly proclaims on its website, reflects its “standards of innovation and creativity”, “humanises and energises the work environment” and “represents the diverse and global community of Microsoft employees and our customers”.
Norway’s Statoil displays art on its oil rigs, Penguin Books has a 200-strong collection of limited-edition British prints that it bought for £200,000 (Dh1 million), and French food company Norac Group became a big collector when France began to allow tax deductions for corporate philanthropy in 2005.
Here in Dubai, Elie Khouri, the Lebanese chief executive for Omnicom Media Group in the region, is an ardent collector, with 200-plus contemporary art and design objects in his stockpile. They include very different works by British sculptor Sir Anthony Cragg, French street artist Thierry Noir, Lebanese painter Ayman Baalbaki and Chinese artist Yue Minjun.
“Collecting art is truly a passion for me,” Mr Khouri says. “I don’t see it as a financial investment; rather, an investment in creativity, visual pleasure, intellect and emotional well-being.”
He says filling common areas with art “triggers moments of reflection, conversation and appreciation” for Omnicom’s staff.
“Study after study has confirmed what we’ve experienced first-hand at Omnicom: art in the workplace has a direct correlation with employee satisfaction, lowered levels of stress, increased morale and developing a culture of openness,” he says.
Real estate development company Emaar also invests in art. It commissions bespoke works for its commercial buildings and hotels; 1,000 for Burj Khalifa alone, featuring Emirati and regional artists, as well as World Voices, an installation by Spanish artist and sculptor Jaume Plensa, made up of 196 cymbals to represent the 196 countries of the world.
“The arts define the soul of our developments,” a spokesman says, adding that they bring “an unmatched cultural dimension” to Emaar’s properties. “Emaar’s approach to the arts is led by the fundamental belief that art enriches our lives.”
So what inspired the trend?
The first corporate collector is thought to have been a Renaissance bank called Monte dei Paschi, in 1472. But the trend really took off in the 1960s and ‘70s, led by David Rockefeller as president of Chase Manhattan Bank. Deutsche Bank has the largest corporate art collection in the world, with 57,000 pieces including Gerhard Richter’s Abstract Painting (Faust), which hangs in the lobby on Wall Street.
By the mid-’90s, according to Peter Harris and Shirley Reiff Howarth, who compiled a coffee table book called A Celebration of Corporate Art Collections Worldwide two years ago, half the Fortune 500 companies and another 2,000 in the US and Europe were actively collecting art.
The art scene itself is a work in progress in the UAE. Art Dubai, now running for 10 years, has been joined by The World Art Fair, Sikka emerging art fair and Street Art Dubai, while the Sharjah Art Foundation has its roots in the Sharjah Biennial art exposition, established in 1993 and last held in 2015. The Louvre on Saadiyat Island in Abu Dhabi is expected to finally open this year, with the Guggenheim expected to follow in 2017.
“The UAE art scene has certainly come a long way in the recent past,” says Mr Khouri. “The art on display at DIFC and Al Quoz has been getting increasingly sophisticated. Still there’s plenty of room for growth.”
business@thenational.ae
COMPANY%20PROFILE
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AndhaDhun
Director: Sriram Raghavan
Producer: Matchbox Pictures, Viacom18
Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan
Rating: 3.5/5
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MATCH INFO
What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany
Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)
'Will%20of%20the%20People'
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Bharat
Director: Ali Abbas Zafar
Starring: Salman Khan, Katrina Kaif, Sunil Grover
Rating: 2.5 out of 5 stars
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
A Prayer Before Dawn
Director: Jean-Stephane Sauvaire
Starring: Joe Cole, Somluck Kamsing, Panya Yimmumphai
Three stars
Cry Macho
Director: Clint Eastwood
Stars: Clint Eastwood, Dwight Yoakam
Rating:**
'Morbius'
Director: Daniel Espinosa
Stars: Jared Leto, Matt Smith, Adria Arjona
Rating: 2/5
World%20Food%20Day%20
%3Cp%3ECelebrated%20on%20October%2016%2C%20to%20coincide%20with%20the%20founding%20date%20of%20the%20United%20Nations%20Food%20and%20Agriculture%20Organisation%2C%20World%20Food%20Day%20aims%20to%20tackle%20issues%20such%20as%20hunger%2C%20food%20security%2C%20food%20waste%20and%20the%20environmental%20impact%20of%20food%20production.%20%0D%3C%2Fp%3E%0A
More on Quran memorisation:
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
COMPANY%20PROFILE
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The Rub of Time: Bellow, Nabokov, Hitchens, Travolta, Trump and Other Pieces 1986-2016
Martin Amis,
Jonathan Cape
SPECS
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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Baby Driver
Director: Edgar Wright
Starring: Ansel Elgort, Kevin Spacey, Jamie Foxx, Lily James
Three and a half stars
2020 Oscars winners: in numbers
- Parasite – 4
- 1917– 3
- Ford v Ferrari – 2
- Joker – 2
- Once Upon a Time ... in Hollywood – 2
- American Factory – 1
- Bombshell – 1
- Hair Love – 1
- Jojo Rabbit – 1
- Judy – 1
- Little Women – 1
- Learning to Skateboard in a Warzone (If You're a Girl) – 1
- Marriage Story – 1
- Rocketman – 1
- The Neighbors' Window – 1
- Toy Story 4 – 1
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Most%20ODI%20hundreds
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The%20specs%3A%202024%20Mercedes%20E200
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Company%20Profile
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COMPANY%20PROFILE
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
COMPANY%20PROFILE
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Winners
Best Men's Player of the Year: Kylian Mbappe (PSG)
Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)
TikTok Fans’ Player of the Year: Robert Lewandowski
Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)
Best Women's Player of the Year: Alexia Putellas (Barcelona)
Best Men's Club of the Year: Chelsea
Best Women's Club of the Year: Barcelona
Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)
Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)
Best Coach of the Year: Roberto Mancini (Italy)
Best National Team of the Year: Italy
Best Agent of the Year: Federico Pastorello
Best Sporting Director of the Year: Txiki Begiristain (Manchester City)
Player Career Award: Ronaldinho
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Company%20profile
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THE SPECS
Engine: 1.5-litre turbocharged four-cylinder
Transmission: Constant Variable (CVT)
Power: 141bhp
Torque: 250Nm
Price: Dh64,500
On sale: Now
RESULTS
4pm: Al Bastakiya Listed US$250,000 (Dirt) 1,900m
Winner: Yulong Warrior, Richard Mullen (jockey), Satish Seemar (trainer)
4.35pm: Mahab Al Shimaal Group 3 $200,000 (D) 1,200m
Winner: Jordan Sport, Adrie de Vries, Fawzi Nass
5.10pm: Nad Al Sheba Conditions $200,000 (Turf) 1,200m
Winner: Jungle Cat, William Buick, Charlie Appleby
5.45pm: Burj Nahaar Group 3 $200,000 (D) 1,600m
Winner: Kimbear, Patrick Dobbs, Doug Watson
6.20pm: Jebel Hatta Group 1 $300,000 (T) 1,800m
Winner: Blair House, James Doyle, Charlie Appleby
6.55pm: Al Maktoum Challenge Round-3 Group 1 $400,000 (D) 2,000m
Winner: North America, Richard Mullen, Satish Seemar
7.30pm: Dubai City of Gold Group 2 $250,000 (T) 2,410m
Winner: Hawkbill, William Buick, Charlie Appleby.
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
TCL INFO
Teams:
Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan
Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
When December 14-17
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”