A view of the Moroccan village of Taddert painted by Charles, Prince of Wales, during a royal visit in 1996 is among the largest exhibition of his artwork on display in London.
The 79 watercolours, representing the first full exhibition of Charles’s paintings in the medium, are hanging in The Prince’s Foundation exhibition space at The Garrison Chapel in Chelsea for a fortnight.
Other scenes depicted include several from Tanzania, which is one of the prince’s favourite places to paint, Turkey, Greece, the Scottish mountains and Provence in the south of France.
In a display panel, Charles describes how the relaxing and therapeutic act of painting transports him “into another dimension”.
The prince goes on to reveal that his passion for the medium began because he found little joy in photography, though he “is under no illusion that the sketches represent great art or a burgeoning talent”.
“I experienced an overwhelming urge to express what I saw through the medium of watercolour and to convey that almost ‘inner’ sense of texture, which is impossible to achieve via photography,” he says.
“I very quickly discovered how incredibly difficult it is to paint well in such a spontaneous medium, and the feeling of frustration at not being able to achieve on paper the image that your eye has presented you with is intense!”
Painting, he says, enables the artist to make their own individual interpretation of the chosen view instead of simply “pointing a camera and arriving at a result probably almost identical to somebody else’s photograph”.
Though, he admits to being unimpressed by the quality of his early work.
“Looking back now at those first sketches I did, I am appalled by how bad they are,” he says.
The obligation for him to sit down and carefully observe allowed for a richer discovery of details, such as the quality of light and shade, tone and texture, and the shape of buildings in relation to the landscape.
“It all requires the most intense concentration and, consequently, is one of the most relaxing and therapeutic exercises I know. In fact, in my case, I find it transports me into another dimension which, quite literally, refreshes parts of the soul which other activities can’t reach.
“I am under no illusion that my sketches represent great art or a burgeoning talent! They represent, more than anything else, my particular form of ‘photograph album’ and, as such, mean a great deal to me.”
The exhibition began before Christmas and reopens today for an extended run until February 14.
Rosie Alderton, who curated the show, said: “His Royal Highness has said before that he likes to sit in the actual environment and paint en plein air, and that, for him, taking a photograph doesn’t have the same feel as a painting.
“His passion for creating beautiful art is conveyed strongly in this exhibition.”
Charles indulges the passion whenever his schedule allows, and he usually takes his treasured sailcloth and leather painting bag with him on royal tours in the hope he will have time to do so.
His interest – fostered by art master Robert Waddell at Gordonstoun School in Scotland – grew in the 1970s and 1980s as he was able to meet leading artists.
He discussed watercolour technique with the late Edward Seago and received further tuition from professionals such as Derek Hill, John Ward and Bryan Organ.
An exhibition at Hampton Court Palace in 1998, held to mark the prince’s 50th birthday, displayed 50 of his watercolours, while The National Gallery of Australia’s exhibition in 2018 celebrated his 70th birthday and showed 30 pieces.
Alongside Charles’s art will be Ben Hymers’s painstakingly woven interpretation of the prince’s 2003 painting Abandoned Cottage on the Isle of Stroma.
The complex tapestry consists of hundreds of strands of coloured yarn, and the tips of the cottage chimneys are made of undyed natural wool from Welsh Lleyn sheep, a breed that the prince has on his Highgrove Estate in Gloucestershire.
“You don’t want a slavish copy of the watercolour, as that’s like translating a novel through an online tool; you don’t capture the essence," said Hymers. "Instead, I wanted to accurately show the techniques used by the prince in a tapestry, to represent the idea of the layers of colour he used and the quick strokes he applied.
“The whole point of this piece of work is to showcase tapestry as a contemporary art form and to show that it still has impact. If, by being viewed ... it sparks someone’s imagination or encourages them to weave, that’s great.”
– Additional reporting by PA
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.”
Four-day collections of TOH
Day Indian Rs (Dh)
Thursday 500.75 million (25.23m)
Friday 280.25m (14.12m)
Saturday 220.75m (11.21m)
Sunday 170.25m (8.58m)
Total 1.19bn (59.15m)
(Figures in millions, approximate)
The details
Heard It in a Past Life
Maggie Rogers
(Capital Records)
3/5
2019 Asian Cup final
Japan v Qatar
Friday, 6pm
Zayed Sports City Stadium, Abu Dhabi
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
WRESTLING HIGHLIGHTS
Racecard
6.30pm: Mazrat Al Ruwayah Group Two (PA) US$55,000 (Dirt) 1,600m
7.05pm: Meydan Trophy (TB) $100,000 (Turf) 1,900m
7.40pm: Handicap (TB) $135,000 (D) 1,200m
8.15pm: Balanchine Group Two (TB) $250,000 (T) 1,800m
8.50pm: Handicap (TB) $135,000 (T) 1,000m
9.25pm: Firebreak Stakes Group Three (TB) $200,000 (D) 1,600m
10pm: Handicap (TB) $175,000 (T) 2,410m
The National selections: 6.30pm: RM Lam Tara, 7.05pm: Al Mukhtar Star, 7.40pm: Bochart, 8.15pm: Magic Lily, 8.50pm: Roulston Scar, 9.25pm: Quip, 10pm: Jalmoud
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World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
UAE fixtures
Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final