Dozens of artworks from the Dalloul Collection will be entering the market next month, in a sale that is set to become one of the decade’s most significant auctions of Arab art.
The Christie’s sale, titled Marhala – Highlights from the Dalloul Collection, will be held in its London headquarters on the evening of November 9. The auction is momentous not only because it marks the first time that pieces from the esteemed Dalloul Collection are coming under the hammer, but because of the high-profile artists represented in the sale.
The auction is listing 48 works, including pieces by Mahmoud Said, Mohamed Melehi, Etel Adnan, Samia Halaby, Dia Al Azzawi, Inji Efflatoun and Ibrahim El-Salahi.
“The collection we are selling is probably the strongest and most impressive coming to the market in a long, long time,” Ridha Moumni, deputy chairman of Middle East and North Africa at Christie’s, says. “Almost all the artists we have are superstars.”
“This is why the sale is absolutely spectacular,” he says. “The quality of the works we are presenting is very, very high. I don’t think there will be a comparable collection coming in a sale for a long time.”
The Dalloul Collection is regarded as one of the most significant assortments of modern and contemporary Arab art in the world, containing prized pieces from across the Middle East. The collection was started by married art collectors Ramzi Dalloul and Saeda El Husseini Dalloul. The couple began acquiring Arab art in the 1970s; the collection is now overseen by their son, Basel Dalloul, and his Beirut visual arts institution, the Ramzi and Saeda Dalloul Art Foundation (Daf).
“This is really unique,” Moumni says. “You don’t have a lot of families collecting Arab art for almost six decades.”
Dalloul and Moumni worked together to curate the selection for the Christie’s sale. Parting with pieces from his parents’ collection may have been an emotional process for Dalloul, but it comes as part of his mission to continue their legacy.
“My father was a visionary art collector, who continued to collect until his passing in 2021,” Dalloul says. “I continue his legacy of collecting and I am committed to supporting new and emerging talent across the region whilst bringing these masterpieces to the attention of a new generation of collectors around the world.”
“My late parents collected art and acquired modern and contemporary artworks from Christie’s over many years and I continue to do so,” he adds. “The sale of a small number of works has been in discussion with Ridha Moumni for some time.”
A highlight of the Marhala auction, and the lot with the highest estimate, is Said’s Fille a l’imprime (Girl in a printed dress). The oil painting dates back to 1938, during the height of the Egyptian artist’s output. The work is estimated between $455,000 and $715,000.
“It is an absolute stunner,” Moumni says. “You don’t usually get much Mahmoud Said, but when you do, it’s quite an impressive work.”
Two paintings by Marwan Kassab-Bachi, known simply as Marwan, are also featured. Kopf links gedreht (Head turned left) is emblematic of the swirling landscape-like portraits the late Syrian artist is known for. It is estimated between $23,400 and $32,500.
“We also have a Marwan from the marionette series,” Moumni says. “It is a very rare painting.” Marionette, painted in 2014, is estimated between $78,000 and $104,000.
Halaby is also represented in the sale through two works. Her Green and Earth, painted in 2014, features her kaleidoscopic, vibrant approach towards abstraction that has become idiosyncratic of her output. The work is estimated between $52,000 and $78,000. Return, on the other hand, is an example of her work from the late 1970s, when the artist was delving into methods of abstraction that gave the impression the landscapes depicted were illuminated from within. The work, produced in 1978, has an estimate between $91,000 and $130,000.
A mesmerising work by El-Salahi, meanwhile is estimated between $39,000 and $65,000. Created in 2001 with coloured ink on Bristol board, the work is an abstraction of a palm tree depicted with clean horizontal and vertical lines. An untitled vinyl work by Melehi is also a highlight and a rarity, given its incorporation of Arabic calligraphy. Produced in 1982, it features the Moroccan artist’s idiosyncratic tidal patterns and is estimated between $91,000 and $130,000.
Adnan’s Al-Tayyeb Salih, Daw al-Bayt, a piece typifying her coveted leporello book approach, is another of the selection’s prized pieces. A 26-page piece made in 2011 using watercolour and ink on Japanese paper, the work is estimated between $52,000 and $78,000.
Moumni emphasises that many of the lots presented are masterpieces in themselves, and would be considered individual highlights in other auctions. “We have an amazing painting by Dia Al Azzawi, Summeria Face, which was in the exhibition Beirut in the Golden 60s that recently closed,” Moumni says. “We have exceptional pictures of Ahmed Mater from the series Human Highway. We have an amazing, large-scale Untitled painting by Ayman Baalbaki from 2009 that is also one of the highlights of the sale.”
The artworks that will be auctioned at Christie’s are a small fraction of the Dalloul Collection, which contains more than 3,000 pieces. The decision to sell the selected artworks, Dalloul says, comes with the intent to further diversify the collection. Dalloul’s parents were known to accrue numerous modern works from individual artists. By selling some of them, the collection is aiming to bring in more contemporary names.
“I have decided to sell a select number of works from the Dalloul Collection at Christie’s in order to refine the collection whilst simultaneously continuing to grow it by identifying and collecting new talent, and emerging Arab art,” Dalloul says.
A selection of the Marhala artworks were displayed at Frieze London, which concluded on Sunday. A selection of pieces will be displayed at the Dubai branch of Christie's from October 23 to 26, before a London viewing from November 1 to 8.
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
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What is Diwali?
The Hindu festival is at once a celebration of the autumn harvest and the triumph of good over evil, as outlined in the Ramayana.
According to the Sanskrit epic, penned by the sage Valmiki, Diwali marks the time that the exiled king Rama – a mortal with superhuman powers – returned home to the city of Ayodhya with his wife Sita and brother Lakshman, after vanquishing the 10-headed demon Ravana and conquering his kingdom of Lanka. The people of Ayodhya are believed to have lit thousands of earthen lamps to illuminate the city and to guide the royal family home.
In its current iteration, Diwali is celebrated with a puja to welcome the goodness of prosperity Lakshmi (an incarnation of Sita) into the home, which is decorated with diyas (oil lamps) or fairy lights and rangoli designs with coloured powder. Fireworks light up the sky in some parts of the word, and sweetmeats are made (or bought) by most households. It is customary to get new clothes stitched, and visit friends and family to exchange gifts and greetings.
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Building boom turning to bust as Turkey's economy slows
Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.
Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.
The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.
After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.
The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.
The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.
But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.
It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.
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Profile of Foodics
Founders: Ahmad AlZaini and Mosab AlOthmani
Based: Riyadh
Sector: Software
Employees: 150
Amount raised: $8m through seed and Series A - Series B raise ongoing
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