Conservator Adrian Phippen, right, and art and antiques writer Duncan Phillips with the portrait of William Shakespeare by Robert Peake. PA
Conservator Adrian Phippen, right, and art and antiques writer Duncan Phillips with the portrait of William Shakespeare by Robert Peake. PA
Conservator Adrian Phippen, right, and art and antiques writer Duncan Phillips with the portrait of William Shakespeare by Robert Peake. PA
Conservator Adrian Phippen, right, and art and antiques writer Duncan Phillips with the portrait of William Shakespeare by Robert Peake. PA

Shakespeare portrait goes on sale for more than $12m


Soraya Ebrahimi
  • English
  • Arabic

The only signed and dated image of William Shakespeare created during his lifetime has gone on display in London.

The portrait is being sold by the owner, who wishes to remain anonymous, by private treaty — without an auction — for more than £10 million ($12m).

The image is signed and dated 1608 and is the work of Robert Peake, Sergeant-Painter to King James I.

Before 1975, the portrait hung in the library of a stately mansion in the north of England, once home to the Danby family. Since then it has been in private ownership.

Those behind its sale claim the the connections between Shakespeare and Peake are “extensive”.

The artist was regularly commissioned to paint the portraits of high-ranking members of the Court and Jacobean society.

Those organising the sale say Peake was commissioned by the Office of the Revels, which oversaw the presentation of plays, and worked in a premises in Clerkenwell, London, where some of Shakespeare’s plays were rehearsed.

A 1663 rare first folio of 36 Shakespeare works sold in New York - in pictures

  • An employee of Christie's holds a 1623 rare first folio of 36 Shakespeare works that was sold for a record $9.97 million on October 14. Reuters
    An employee of Christie's holds a 1623 rare first folio of 36 Shakespeare works that was sold for a record $9.97 million on October 14. Reuters
  • The folio is one of only six known complete copies in private hands. Reuters
    The folio is one of only six known complete copies in private hands. Reuters
  • The folio includes 18 plays that had never been published before and might have been lost. Reuters
    The folio includes 18 plays that had never been published before and might have been lost. Reuters
  • The October 14 sale was the first time in nearly 20 years that a complete copy of the First Folio had come to auction. Reuters
    The October 14 sale was the first time in nearly 20 years that a complete copy of the First Folio had come to auction. Reuters
  • A Christie's auctioneer drops the gavel on the rare first folio. Reuters
    A Christie's auctioneer drops the gavel on the rare first folio. Reuters
  • The First Folio marked the first time that Shakespeare's plays had been organised as comedies, tragedies and histories. Reuters
    The First Folio marked the first time that Shakespeare's plays had been organised as comedies, tragedies and histories. Reuters

But only two paintings of Shakespeare, both posthumous, are generally recognised as valid.

They are the engraving that appears on the title page of the First Folio, published in 1623, and the sculpture at his funeral monument in Stratford-upon-Avon.

Shakespeare died in 1616 at the age of 52.

Art expert Duncan Phillips, who investigated the work ahead of the sale, said: “There is more evidence for this portrait of Shakespeare than any other known painting of the playwright.

“It is a monogrammed and dated work by a portrait painter of serious status with connections to the artist who produced the image for the First Folio.

“The picture has survived the past 400 years almost untouched by wear and tear thanks to its ownership by a family of Shakespeare enthusiasts who hung it in their library.”

But Shakespeare expert Michael Dobson told the Daily Mail that claims the painting is of the Bard were “wishful thinking”.

The painting went on display on Wednesday at Grosvenor House Hotel, London.

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Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

Cheeseburger%20ingredients
%3Cp%3EPrice%20for%20a%20single%20burger%20%C2%A30.44%3Cbr%3EPrice%20for%20a%20single%20bun%20%C2%A30.17%3Cbr%3EPrice%20for%20a%20single%20cheese%20slice%20%C2%A30.04%3Cbr%3EPrice%20for%2010g%20Gherkins%20is%20less%20than%20%C2%A30.01%3Cbr%3EPrice%20for%2010g%20ketchup%20is%20less%20than%20%C2%A30.01%20%3Cbr%3EPrice%20for%2010g%20mustard%20is%20less%20than%20%C2%A30.01%3Cbr%3EPrice%20for%2010g%20onions%20is%20less%20than%20%C2%A30.01%3C%2Fp%3E%0A%3Cp%3ETotal%2068p%3C%2Fp%3E%0A%3Cp%3ECredit%3A%20Meal%20Delivery%20Experts%3C%2Fp%3E%0A
Results:

6.30pm: Handicap (Turf) | US$175,000 2,410m | Winner: Bin Battuta, Christophe Soumillon (jockey), Saeed bin Suroor (trainer)

7.05pm: UAE 1000 Guineas Trial Conditions (Dirt) | $100,000 1,400m | Winner: Al Hayette, Fabrice Veron, Ismail Mohammed

7.40pm: Handicap (T) $145,000 1,000m | Winner: Faatinah, Jim Crowley, David Hayes

8.15pm: Dubawi Stakes Group 3 (D) $200,000 1,200m | Winner: Raven’s Corner, Richard Mullen, Satish Seemar

8.50pm: Singspiel Stakes Group 3 (T) $200,000 1,800m | Winner: Dream Castle, Christophe Soumillon, Saeed bin Suroor

9.25pm: Handicap (T) $175,000 1,400m​​​ | Winner: Another Batt, Connor Beasley, George Scott

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

RESULTS

Dubai Kahayla Classic – Group 1 (PA) $750,000 (Dirt) 2,000m
Winner: Deryan, Ioritz Mendizabal (jockey), Didier Guillemin (trainer).
Godolphin Mile – Group 2 (TB) $750,000 (D) 1,600m
Winner: Secret Ambition, Tadhg O’Shea, Satish Seemar
Dubai Gold Cup – Group 2 (TB) $750,000 (Turf) 3,200m
Winner: Subjectivist, Joe Fanning, Mark Johnston
Al Quoz Sprint – Group 1 (TB) $1million (T) 1,200m
Winner: Extravagant Kid, Ryan Moore, Brendan Walsh
UAE Derby – Group 2 (TB) $750,000 (D) 1,900m
Winner: Rebel’s Romance, William Buick, Charlie Appleby
Dubai Golden Shaheen – Group 1 (TB) $1.5million (D) 1,200m
Winner: Zenden, Antonio Fresu, Carlos David
Dubai Turf – Group 1 (TB) $4million (T) 1,800m
Winner: Lord North, Frankie Dettori, John Gosden
Dubai Sheema Classic – Group 1 (TB) $5million (T) 2,410m
Winner: Mishriff, John Egan, John Gosden

INDIA'S%20TOP%20INFLUENCERS
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Our family matters legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

RESULTS FOR STAGE 4

Stage 4 Dubai to Hatta, 197 km, Road race.

Overall leader Primoz Roglic SLO (Team Jumbo - Visma)

Stage winners: 1. Caleb Ewan AUS (Lotto - Soudal) 2. Matteo Moschetti ITA (Trek - Segafredo) 3. Primoz Roglic SLO (Team Jumbo - Visma)

What is the FNC?

The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning. 
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval. 
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
 

Updated: November 17, 2022, 6:35 AM