An unparalleled number of advance tickets have been sold to what's already been called London's biggest art show of the year, a Leonardo da Vinci exhibition that opened on Tuesday at the National Gallery on Trafalgar Square. Of the 15 or 16 surviving paintings by the ultimate Renaissance artist (the exact figure is disputed) nine have been brought together for Painter at the Court of Milan; even Leonardo himself would never have seen some of these finished works side by side.
Insurance for the exhibition has been reported to have a value of a cool £1.5 billion (Dh8.9bn) and emotions were running high at a preview on Tuesday, with the curator Luke Syson close to tears at an introductory speech.
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"People have talked about this as an unprecedented opportunity," said Syson, who has been working on the exhibition for five years. "It is an unprecedented opportunity. It probably won't happen like this again, and so it's very moving, the thought that we might be able to understand Leonardo better thinking about this extraordinary group of works together."
Nicholas Penny, the National Gallery's director, said that the one downside of the show was that it leaves him "with the problem of ever doing anything this magnificent ever again".
While da Vinci's most famous painting, the Mona Lisa, remains in its bulletproof case in Paris, the new display gathers together some of his most breathtaking works, including Christ as Salvator Mundi, the first rediscovered da Vinci in 100 years, exhibited here for the first time and two versions of The Virgin of the Rocks, one from the Louvre and one from the National Gallery's own collection, which have never before been exhibited in the same room. The show focuses on the middle of da Vinci's career, when he worked for Ludovico Sforza (later the Duke of Milan), and despite the fact that he originally applied to work for Ludovico as an engineer, it sidelines his science to focus on art.
Little is said of the recent theory that da Vinci may have been of Arab descent (as suggested by the fingerprint decoded in 2007 and the fact that his peasant mother, unmarried to his father, is thought to have been a slave from Istanbul), although a decorative engraving of knots arranged in a circle that is included in the show has the swirling, intricate geometry of Islamic design. Inscribed in the centre of the pattern are the words "Academia Leonardi Vinci", and exhibition materials suggest it can be seen as the first surviving example of abstract art.
It's clear that Leonardo had at least some input into that design, but verifying his work is an awkward business, as shown by the disputes still raging about the authenticity of many paintings. The Salvator Mundi was only recently authenticated after it was painted over, damaged, and sold for just £45 (Dh264) in 1958. Looking at it now, expertly restored, it's clear that it's the work of a master. The figure is rendered in exquisite sfumato with intricate wrinkles and folds in his clothes, a ghostly quality to the faded face and a delicately painted crystal globe in one hand. The technology did not exist in da Vinci's time to create such a sphere, so it is assumed to be a work of the artist's considerable imagination.
In an adjoining room hang the two Virgin of the Rocks, different in colouring and composition but still unmistakably variations on the same idea. While both show Mary surrounded by Saint John, Jesus and an angel, the Louvre's painting is both darker and warmer, with the angel looking out of the picture with the hint of a smile. The National Gallery's painting has recently undergone another thorough restoration, and its blues, in particular, seem to leap from the canvas. This time, though, the angel's gaze is turned inwards, and the feeling is more remote. It too, was only recently authenticated.
Although there are only nine full-scale da Vinci works on show at the National Gallery, the exhibition is full of delights, including sketches, paintings by da Vinci's contemporaries and anatomical diagrams. The Lady with an Ermine captures both a specific liveliness and a timeless beauty; a bright, clear, life-size copy of The Last Supper, made around 25 years after the original, shows details you can't see on the mural in Milan; and a painting of an elderly Saint Jerome beating himself with a rock is agonisingly lifelike.
It's clear that the artist considered his work to be crucially important: he is quoted as saying that "the divinity which is the science of painting transmutes the painter's mind in to a resemblance of the divine mind".With works in progress set alongside finished masterpieces, it's a privilege to be able to get a glimpse inside that mind and marvel at the way it operates.
Leonardo da Vinci: Painter at the Court of Milan, the National Gallery until February 5. To view a collection of da Vinci's inventions, manuscripts and art, visit the Burjuman Mall in Dubai. Located in the observatory beside the Virgin Megastore, daily from 10am-10pm until December 5
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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Scores
Wales 74-24 Tonga
England 35-15 Japan
Italy 7-26 Australia
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
MATCH INFO
Quarter-finals
Saturday (all times UAE)
England v Australia, 11.15am
New Zealand v Ireland, 2.15pm
Sunday
Wales v France, 11.15am
Japan v South Africa, 2.15pm
Juliot Vinolia’s checklist for adopting alternate-day fasting
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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.”
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Pearls on a Branch: Oral Tales
Najlaa Khoury, Archipelago Books
The Florida Project
Director: Sean Baker
Starring: Bria Vinaite, Brooklynn Prince, Willem Dafoe
Four stars