• Japanese artist Takashi Murakami was in Dubai for the opening of Perrotin's first gallery in the Middle East. All Photos: Antonie Robertson / The National; 2022 TM/KK Co, Ltd; all rights reserved
    Japanese artist Takashi Murakami was in Dubai for the opening of Perrotin's first gallery in the Middle East. All Photos: Antonie Robertson / The National; 2022 TM/KK Co, Ltd; all rights reserved
  • He curated a collection of highlights from his most notable series, introducing audiences to his concepts, such as the character Mr Dob, pictured above in a series of colourful sculptures
    He curated a collection of highlights from his most notable series, introducing audiences to his concepts, such as the character Mr Dob, pictured above in a series of colourful sculptures
  • Among the highlights was the sculpture 'Together with the Flower Parent and Child'
    Among the highlights was the sculpture 'Together with the Flower Parent and Child'
  • Murakami is best-known for his work deconstructing hierarchies of high and low
    Murakami is best-known for his work deconstructing hierarchies of high and low
  • Earlier this year, the artist launched his NFT collection, Murakami.Flowers
    Earlier this year, the artist launched his NFT collection, Murakami.Flowers
  • Murakami's signature 'Superflat' style is out in force
    Murakami's signature 'Superflat' style is out in force
  • Murakami's work draws on Japanese traditional art, as well as the country's contemporary popular culture
    Murakami's work draws on Japanese traditional art, as well as the country's contemporary popular culture
  • His works present the post Second World War Japanese psychology under a magnifying class, exploring the country's relationship with globalisation
    His works present the post Second World War Japanese psychology under a magnifying class, exploring the country's relationship with globalisation

Perrotin launches first Middle Eastern gallery in Dubai with works by Takashi Murakami


Hareth Al Bustani
  • English
  • Arabic

Perrotin is launching its first gallery in the Middle East with a pair of exhibitions from Japanese pop art legend Takashi Murakami and Canadian painter Jason Boyd Kinsella.

With spaces in Paris, Hong Kong, New York, Seoul, Tokyo and Shanghai, Emmanuel Perrotin’s eponymous gallery now hopes to build stronger in-roads into the Arab world.

Perrotin says the gallery, which opens in Dubai on Friday, is always keen to bring its artists’ voices to new audiences. He adds: “The whole region is developing projects around art, and we want our artists to be able to participate in them".

To mark the occasion, Perrotin is exhibiting a series of works by Murakami, offering a sweeping introduction into his vast body of work. Perrotin explains: “I met Takashi Murakami almost 30 years ago: he is an artist I deeply admire. In my view, Takashi is not only one of the most important artists of his time, but also a mentor for a whole generation of artists and creatives.”

Murakami's exhibition is so ambitious, Perrotin partnered with ICD Brookfield Place to display the works in its larger space.
Murakami's exhibition is so ambitious, Perrotin partnered with ICD Brookfield Place to display the works in its larger space.

For his first UAE exhibition, Murakami curated a selection of his works, opening up with a series of sculptures themed around his character, Mr Dob — initially inspired by Mickey Mouse, alongside the Japanese characters Doraemon and Sonic the Hedgehog.

The artist says he hopes the exhibition will be a good starting point for UAE art lovers keen to explore his work.

The Murakami.Flowers project combines his distinctive "Superflat" style with retro Japanese video game aesthetics. The exhibition also includes his robotic Arhat sculpture, which reimagines the artist as one of the Arhats, the clairvoyant disciples of the Buddha.

Murakami is among the world’s most celebrated contemporary artists, frequently compared in ambition and influence to fellow pop art pioneer, Andy Warhol. His collaborations with Louis Vuitton, Kanye West and Drake, have proved revolutionary. His "Superflat" style draws on traditional Japanese paintings and contemporary pop culture, presented through intentionally kitsch sculptures and two-dimensional paintings, which are set against Western aesthetics, and deconstruct hierarchies of high and lowbrow material.

Perrotin is also unveiling a group presentation, with works by Keith Haring, Damien Hirst, Yves Klein, Yayoi Kusama and more. While these works are on show at Perrotin’s new DIFC space, the Murakami and Boyd Kinsella exhibitions are so sweeping in scope that the gallery decided to partner with ICD Brookfield, which is hosting these showcases within its own larger premises a short walk away.

The opening also featured a series of works by Canadian artist, Jason Boyd Kinsella. Photo: Jason Kinsella
The opening also featured a series of works by Canadian artist, Jason Boyd Kinsella. Photo: Jason Kinsella

ICD Brookfield Place’s curator of arts and culture, Malak Abu-Qaoud, says the exhibitions from the masters will complement ongoing efforts to support local artists. “ICD Brookfield Place Arts programme will always seek to champion and nurture local talent, but we also look to foster community and create a cultural ecosystem. We are delighted to have this opportunity to do that and to offer the space to showcase these extraordinary works to a broad, local audience."

Hosting Murakami and Boyd Kinsella, she says, is “like a dream come true”. Abu-Qaoud adds: “In a way, it gives us even bigger platform, when we work with younger, regional emerging or established artists, because they’re then associated with artists like Murakami or Boyd Kinsella.”

Vanessa Clairet, director of communications and development at Perrotin, says Murakami's exhibition represents not just the history of his own career, but that of the gallery too.

"Takashi is really part of the gallery's history — we've worked with him since 1993. So it's more than a representation, it's a friendship, and he's also a big part of the development of the gallery," says Clairet.

The partnership with ICD Brookfield Place has allowed Perrotin to arrive in the region with a strong statement, she says. Dubai, she adds, is the “perfect” place to set up a permanent gallery in the Middle East.

“There are so many art initiatives and culture and art lovers. We want to bring artists also to this new audience and create new opportunities in the region for them.”

Scroll through images of Abu Dhabi Art 2022 below

  • The Standard Head by Trevor Paglen at the Abu Dhabi Art festival at Manarat Al Saadiyat. All photos: Khushnum Bhandari / The National
    The Standard Head by Trevor Paglen at the Abu Dhabi Art festival at Manarat Al Saadiyat. All photos: Khushnum Bhandari / The National
  • This year, Abu Dhabi Art features more than 80 galleries from 28 countries representing 300 artists, through 900-plus artworks
    This year, Abu Dhabi Art features more than 80 galleries from 28 countries representing 300 artists, through 900-plus artworks
  • Abu Dhabi Art brings together a striking array of thoughtfully curated gallery sectors, workshops, talks and installations, transforming the capital into a captivating celebration of art
    Abu Dhabi Art brings together a striking array of thoughtfully curated gallery sectors, workshops, talks and installations, transforming the capital into a captivating celebration of art
  • Visitors have been enjoying the pieces on display
    Visitors have been enjoying the pieces on display
  • Artworks by Abdul Qader Al Rais are on show
    Artworks by Abdul Qader Al Rais are on show
  • Further artworks by Al Rais
    Further artworks by Al Rais
  • Emirati artist Al Rais with his works
    Emirati artist Al Rais with his works
  • Artworks from Grosvenor Gallery, London
    Artworks from Grosvenor Gallery, London
  • Artworks from Grosvenor Gallery, London
    Artworks from Grosvenor Gallery, London
  • Ilyes Messaoudi's artwork represented by Foreign Agent
    Ilyes Messaoudi's artwork represented by Foreign Agent
  • Artworks by Ngozi-Omeje Ezema, of Lagos, Nigeria
    Artworks by Ngozi-Omeje Ezema, of Lagos, Nigeria
  • Selma Feriani represents Selma Feriani Gallery from Tunis, offering a sweeping selection of abstract modern art from across North Africa
    Selma Feriani represents Selma Feriani Gallery from Tunis, offering a sweeping selection of abstract modern art from across North Africa
  • Artworks by Bruce Onobrakpeya, of Lagos, Nigeria
    Artworks by Bruce Onobrakpeya, of Lagos, Nigeria
  • Artworks by Hassan Sharif
    Artworks by Hassan Sharif
  • La La Lande Gallery
    La La Lande Gallery
  • Artworks from Seoul's Khalifa Gallery
    Artworks from Seoul's Khalifa Gallery
  • Works by Sliman Elkamel on display
    Works by Sliman Elkamel on display
  • Cuban art gallery Maxima is participating in Abu Dhabi Art for the first time
    Cuban art gallery Maxima is participating in Abu Dhabi Art for the first time
  • Daniel Crouch Rare Books at Abu Dhabi Art
    Daniel Crouch Rare Books at Abu Dhabi Art
  • Le Violon Blue Gallery's stand at the event
    Le Violon Blue Gallery's stand at the event
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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.”

Updated: November 28, 2022, 10:31 AM