A visitor walks in front of an untitled artwork by Turkish artist Melek Toraman during Contemporary Istanbul. EPA
A visitor walks in front of an untitled artwork by Turkish artist Melek Toraman during Contemporary Istanbul. EPA
A visitor walks in front of an untitled artwork by Turkish artist Melek Toraman during Contemporary Istanbul. EPA
A visitor walks in front of an untitled artwork by Turkish artist Melek Toraman during Contemporary Istanbul. EPA

Istanbul ushers in a new chapter for the arts


Melissa Gronlund
  • English
  • Arabic

“This is a new Contemporary Istanbul, for a new era,” said the fair’s founder Ali Gureli at the launch of the 16th iteration of the art fair, as sailboats breezed past on the water. One of a number of Istanbul cultural projects, the fair was held at former Ottoman shipyards on the Golden Horn inlet, right at the sea's edge.

The setting was spectacular: the Golden Horn was a trading post for the city in the Greek, Roman and Ottoman eras. The booths took up residence in a brick-lined former torpedo factory; drinks for a glittering line of VIPs took place where the ships used to dock.

The view from Contemporary Istanbul's new site, showing Flags for Future, a social responsibility initiative that benefits water conservation charities. Photo: Contemporary Istanbul
The view from Contemporary Istanbul's new site, showing Flags for Future, a social responsibility initiative that benefits water conservation charities. Photo: Contemporary Istanbul

This year's event opened in a city that is making its cultural profile a major priority, with a number of new and renovated institutions opening over the next year.

Off Istanbul’s central Taksim Square is the renovated Ataturk Cultural Centre, a 1960s-era landmark that hosts a variety of cultural activities in a concert hall, a smaller performance venue and now, new galleries. It has been refurbished by Murat Tabanlioglu, son of the building’s original architect Hayati Tabanlioglu.

“This is, of course, much different than all the other projects I have done," says Murat, who researched his father’s famous designs for the centre in three exhibitions that began even before he was awarded the project. “It’s in the centre of Istanbul and an important building for the people. And I wanted to keep all the materials: the aluminium facade, the stone coming from all parts of Turkey.”

The renovation has been done to high specifications. A recording studio is clothed in warm oak; a new library has bright wooden shelves stretching three floors up; and the new cantilevered gallery space, where a car park once stood, opens to views on to Taksim. The concert venue, in a quintessentially 1960s flourish, sits encased within a fantastical floating orb the colour of dark merlot. The cultural centre is scheduled to open on Friday, October 29, on the 100th anniversary of the Republic of Turkey’s founding.

Near the Golden Horn development, known as Tersane, is a second complex of museums also set to open over the next few years. The area of Galataport will comprise the Istanbul Museum of Modern Art designed by Renzo Piano, and the new home for the Museum of Painting and Sculpture, with a 19th and 20th-century collection administered by the Mimar Sinan Fine Arts University. When these buildings are complete, developers hope that locals and tourists will be able to take a boat from Galataport around the Horn to Tersane. This latter district will be as much a luxury development as a cultural one: it will host four hotels, a residential and business district, space for galleries, and two more museums.

A rendering of what the Halic shipyards will look like in the new Tersane development in Istanbul. Photo Kadir Asnaz
A rendering of what the Halic shipyards will look like in the new Tersane development in Istanbul. Photo Kadir Asnaz

As the pace of development makes clear, Istanbul’s investment in art and culture is part of a larger municipal development and gentrification drive across the city. Since the early 2000s, when Istanbul emerged as a global contemporary art hub, the art scene's fortunes have wavered. The Gezi Park protests in 2013 and ISIS attacks in 2016 and 2017 dealt a heavy blow, with many foreigners leaving. And current members of the art scene remain sceptical of how art is being leveraged as a tool for economic development – and indeed how, in the politically partisan city, many of the new ventures are going ahead under government support.

Contemporary Istanbul, which ended on Sunday, has international ambitions: Gureli says he wants to make the fair into one of the top 10 globally. That will mean changing long-set collecting patterns. According to German art historian Marcus Graf, a longtime resident of the city, contemporary art has only begun to be collected over the past 15 years, and most collectors still focus on artists from Turkey.

Elif Uras's Kitchen, 2021, part of her suite of ceramics foregrounding women. Photo: Kayhan Kaygusuz, Elif Uras, Galerist
Elif Uras's Kitchen, 2021, part of her suite of ceramics foregrounding women. Photo: Kayhan Kaygusuz, Elif Uras, Galerist

At this year's edition of Contemporary Istanbul, the majority of the 47 galleries were Turkish, with Pi Artworks, Galerist and Oktem Aykut offering particularly strong booths. The largest proportion of international galleries came from Iran, with Marlborough Gallery and Konig Galerie also joining, the latter in collaboration with Turkish gallery Pilevneli.

Most Turkish galleries brought Turkish artists, and the price point for the works was low across the board. Marlborough brought some big international names, such as Francis Bacon and Louise Bourgeois, but in prints and drawings, as they had been advised to keep to works below $20,000. The weak Turkish lira also slowed some headwinds, particularly for international galleries, but most of the trading activity seemed to be happening among Turkish collectors and galleries anyway.

Women Turkish artists put forward some of the best works, interestingly all in adaptations of traditional crafts. Elif Uras at Galerist made an installation of ceramics showing women in action – cooking a meal, talking on the phone, multitasking – in an attempt to redress the historical absence of women represented in pottery. At Istanbul ’74, Belkis Balpinar, an artist from Bodrum who works in craft, showed what she calls art kilims: textiles with thick, abstract forms woven into the hand-spun wool.

Artist Belkis Balpinar. Photo: Istanbul '74
Artist Belkis Balpinar. Photo: Istanbul '74

Gulay Semercioglu, at Pi Artworks, also exhibited a renovation of Turkish weaving, with one of her signature works in woven industrial wire, accompanied by a suite of drawings showing traditional motifs from Anatolian textiles, such as the repeated curve of ram’s horns.

Following the event’s sub-theme of women’s artwork, the exhibition I – You – They at the private foundation Mesher was the highlight of the city’s offerings: the fruits of a three-year project looking into Turkish women who were born between 1850 and 1950 and worked as artists. Curator Deniz Artun’s research turned up 127 women, of whom she had only known of a third, she said.

Many of these artists produced intimate portraits of family members and acquaintances; others painted floral arrangements, a typically feminine subject matter; still others documented their experiences of motherhood. Even within the narrow confines of what women were expected or allowed to paint, the exhibition reveals a stylistic richness and variety. And among the canonised artists there were surprises: Artun unearthed a stained-glass work of a mother and child by Fahrelnissa Zeid, shedding light on a little-known medium in the great painter’s oeuvre. Zeid, says scholar Adila Laidi-Hanieh, experimented with stained-glass works late in her career in Jordan, even bringing down a stained-glass artist from the UK to teach the women at the school she ran in Amman. But many of the students disliked working with fire and melted lead, and the take-up remained limited. Today, most of these stained-glass works are at Darat al Funun in Jordan, with a few in Turkey in private collections, such as the undated Mother and Child now at Mesher.

Turkish painter and opera singer Semiha Berksoy was also a standout in the show. Her inimitable, rough style of painting turns even the most benign encounter into an affair laced with drama. The faces in My Mother and I (1974) are rendered with little embellishment, but they still communicate filial independence and maternal solicitude – that unbreakable dyad of mother/daughter relations. Similarly, the painting My Mother the Painter Fatma Saime (1965) was based on a small photograph showing her mother with a tasteful brooch on her lapel; Berksoy’s depiction turned this into a bright, showy flower, a display of beauty and extravagance so eye-catching it nearly distracts from the grave, skeletal rendering of Saime’s face.

Mesher's exhibition was a reminder of the extraordinary history of modern and contemporary art in Istanbul, as the city moved from being an Ottoman capital to a site that continues to play a role of crossroads between East and West. Today's cultural additions and renovations come at a febrile time for the members of its art scene, who navigate a complex political and social territory. But what stood out most in Istanbul was the maturity of conversations and art-making on a national scale – even as it gears up to become an international player.

The specs: Fenyr SuperSport

Price, base: Dh5.1 million

Engine: 3.8-litre twin-turbo flat-six

Transmission: Seven-speed automatic

Power: 800hp @ 7,100pm

Torque: 980Nm @ 4,000rpm

Fuel economy, combined: 13.5L / 100km

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%3Cp%3E%3Cstrong%3EPros%3C%2Fstrong%3E%0D%3C%2Fp%3E%0A%3Cul%3E%0A%3Cli%3EEasy%20to%20use%20and%20require%20less%20rigorous%20credit%20checks%20than%20traditional%20credit%20options%0D%3C%2Fli%3E%0A%3Cli%3EOffers%20the%20ability%20to%20spread%20the%20cost%20of%20purchases%20over%20time%2C%20often%20interest-free%0D%3C%2Fli%3E%0A%3Cli%3EConvenient%20and%20can%20be%20integrated%20directly%20into%20the%20checkout%20process%2C%20useful%20for%20online%20shopping%0D%3C%2Fli%3E%0A%3Cli%3EHelps%20facilitate%20cash%20flow%20planning%20when%20used%20wisely%0D%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3E%3Cstrong%3ECons%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cul%3E%0A%3Cli%3EThe%20ease%20of%20making%20purchases%20can%20lead%20to%20overspending%20and%20accumulation%20of%20debt%0D%3C%2Fli%3E%0A%3Cli%3EMissing%20payments%20can%20result%20in%20hefty%20fees%20and%2C%20in%20some%20cases%2C%20high%20interest%20rates%20after%20an%20initial%20interest-free%20period%0D%3C%2Fli%3E%0A%3Cli%3EFailure%20to%20make%20payments%20can%20impact%20credit%20score%20negatively%0D%3C%2Fli%3E%0A%3Cli%3ERefunds%20can%20be%20complicated%20and%20delayed%0D%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3E%3Cem%3ECourtesy%3A%20Carol%20Glynn%3C%2Fem%3E%3C%2Fp%3E%0A
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%3Cp%3E%3Cstrong%3EJuly%205%2C%201994%3A%3C%2Fstrong%3E%20Jeff%20Bezos%20founds%20Cadabra%20Inc%2C%20which%20would%20later%20be%20renamed%20to%20Amazon.com%2C%20because%20his%20lawyer%20misheard%20the%20name%20as%20'cadaver'.%20In%20its%20earliest%20days%2C%20the%20bookstore%20operated%20out%20of%20a%20rented%20garage%20in%20Bellevue%2C%20Washington%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJuly%2016%2C%201995%3A%3C%2Fstrong%3E%20Amazon%20formally%20opens%20as%20an%20online%20bookseller.%20%3Cem%3EFluid%20Concepts%20and%20Creative%20Analogies%3A%20Computer%20Models%20of%20the%20Fundamental%20Mechanisms%20of%20Thought%3C%2Fem%3E%20becomes%20the%20first%20item%20sold%20on%20Amazon%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E1997%3A%3C%2Fstrong%3E%20Amazon%20goes%20public%20at%20%2418%20a%20share%2C%20which%20has%20grown%20about%201%2C000%20per%20cent%20at%20present.%20Its%20highest%20closing%20price%20was%20%24197.85%20on%20June%2027%2C%202024%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E1998%3A%3C%2Fstrong%3E%20Amazon%20acquires%20IMDb%2C%20its%20first%20major%20acquisition.%20It%20also%20starts%20selling%20CDs%20and%20DVDs%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2000%3A%3C%2Fstrong%3E%20Amazon%20Marketplace%20opens%2C%20allowing%20people%20to%20sell%20items%20on%20the%20website%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2002%3A%3C%2Fstrong%3E%20Amazon%20forms%20what%20would%20become%20Amazon%20Web%20Services%2C%20opening%20the%20Amazon.com%20platform%20to%20all%20developers.%20The%20cloud%20unit%20would%20follow%20in%202006%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2003%3A%3C%2Fstrong%3E%20Amazon%20turns%20in%20an%20annual%20profit%20of%20%2475%20million%2C%20the%20first%20time%20it%20ended%20a%20year%20in%20the%20black%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2005%3A%3C%2Fstrong%3E%20Amazon%20Prime%20is%20introduced%2C%20its%20first-ever%20subscription%20service%20that%20offered%20US%20customers%20free%20two-day%20shipping%20for%20%2479%20a%20year%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2006%3A%3C%2Fstrong%3E%20Amazon%20Unbox%20is%20unveiled%2C%20the%20company's%20video%20service%20that%20would%20later%20morph%20into%20Amazon%20Instant%20Video%20and%2C%20ultimately%2C%20Amazon%20Video%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2007%3A%3C%2Fstrong%3E%20Amazon's%20first%20hardware%20product%2C%20the%20Kindle%20e-reader%2C%20is%20introduced%3B%20the%20Fire%20TV%20and%20Fire%20Phone%20would%20come%20in%202014.%20Grocery%20service%20Amazon%20Fresh%20is%20also%20started%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2009%3A%3C%2Fstrong%3E%20Amazon%20introduces%20Amazon%20Basics%2C%20its%20in-house%20label%20for%20a%20variety%20of%20products%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2010%3A%3C%2Fstrong%3E%20The%20foundations%20for%20Amazon%20Studios%20were%20laid.%20Its%20first%20original%20streaming%20content%20debuted%20in%202013%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2011%3A%3C%2Fstrong%3E%20The%20Amazon%20Appstore%20for%20Google's%20Android%20is%20launched.%20It%20is%20still%20unavailable%20on%20Apple's%20iOS%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2014%3A%3C%2Fstrong%3E%20The%20Amazon%20Echo%20is%20launched%2C%20a%20speaker%20that%20acts%20as%20a%20personal%20digital%20assistant%20powered%20by%20Alexa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2017%3A%3C%2Fstrong%3E%20Amazon%20acquires%20Whole%20Foods%20for%20%2413.7%20billion%2C%20its%20biggest%20acquisition%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2018%3A%3C%2Fstrong%3E%20Amazon's%20market%20cap%20briefly%20crosses%20the%20%241%20trillion%20mark%2C%20making%20it%2C%20at%20the%20time%2C%20only%20the%20third%20company%20to%20achieve%20that%20milestone%3C%2Fp%3E%0A
RESULTS

5pm: Handicap (TB) Dh100,000, 2,400m
Winner: Recordman, Richard Mullen (jockey), Satish Seemar (trainer)

5.30pm: Wathba Stallions Cup Handicap (PA) Dh 70,000, 2,200m​​​​​​​
Winner: AF Taraha, Tadhg O’Shea, Ernst Oertel

6pm: Abu Dhabi Fillies Classic Prestige (PA) Dh110,000, 1,400m​​​​​​​
Winner: Dhafra, Fabrice Veron, Eric Lemartinel

6.30pm: Abu Dhabi Colts Classic Prestige (PA) Dh110,000, 1,400m​​​​​​​
Winner: Maqam, Fabrice Veron, Eric Lemartinel

7pm: Handicap (PA) Dh85,000, 1,600m​​​​​​​
Winner: AF Momtaz, Fernando Jara, Musabah Al Muhairi

7.30pm: Maiden (PA) Dh80,000, 1,600m​​​​​​​
Winner: Optimizm, Patrick Cosgrave, Abdallah Al Hammadi

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.”

UAE currency: the story behind the money in your pockets
The lowdown

Rating: 4/5

How The Debt Panel's advice helped readers in 2019

December 11: 'My husband died, so what happens to the Dh240,000 he owes in the UAE?'

JL, a housewife from India, wrote to us about her husband, who died earlier this month. He left behind an outstanding loan of Dh240,000 and she was hoping to pay it off with an insurance policy he had taken out. She also wanted to recover some of her husband’s end-of-service liabilities to help support her and her son.

“I have no words to thank you for helping me out,” she wrote to The Debt Panel after receiving the panellists' comments. “The advice has given me an idea of the present status of the loan and how to take it up further. I will draft a letter and send it to the email ID on the bank’s website along with the death certificate. I hope and pray to find a way out of this.”

November 26:  ‘I owe Dh100,000 because my employer has not paid me for a year’

SL, a financial services employee from India, left the UAE in June after quitting his job because his employer had not paid him since November 2018. He owes Dh103,800 on four debts and was told by the panellists he may be able to use the insolvency law to solve his issue. 

SL thanked the panellists for their efforts. "Indeed, I have some clarity on the consequence of the case and the next steps to take regarding my situation," he says. "Hopefully, I will be able to provide a positive testimony soon."

October 15: 'I lost my job and left the UAE owing Dh71,000. Can I return?'

MS, an energy sector employee from South Africa, left the UAE in August after losing his Dh12,000 job. He was struggling to meet the repayments while securing a new position in the UAE and feared he would be detained if he returned. He has now secured a new job and will return to the Emirates this month.

“The insolvency law is indeed a relief to hear,” he says. "I will not apply for insolvency at this stage. I have been able to pay something towards my loan and credit card. As it stands, I only have a one-month deficit, which I will be able to recover by the end of December." 

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Updated: October 11, 2021, 8:23 AM