There is nothing in the art world quite like the Venice Biennale. Here you are, in one of the most beautiful places on the planet, with the vaporetti cruising by the historic palazzos and the gondoliers crooning to the assembled tourists. And here is everyone who is anybody in artistic circles, scrambling for a place at the biggest - and still the most important - of all the art biennales.
The Venice Biennale is often called the Olympic Games of the art world, but that comparison doesn't quite catch the unique nature of the event. It's true that there are prizes on offer and that this is a place where new talent emerges and older names have their reputations restored or reinforced.
But there's a frenetic atmosphere of discovery and discussion which makes this festival of contemporary art different from a sporting contest. "It's like a huge art world conference," says Martin Gayford, an art critic for Bloomberg.
The significance of the biennale, however, stretches far beyond the narrow confines of the art world. The biennale first opened its doors in 1895 when the Venice city council decided it would be a good idea to make the evening meetings of artists in the city's Caffe Florian into a prestigious international gathering.
Even in this nascent form, the biennale had two qualities which have marked it ever since: it attracted a staggering number of visitors (200,000) and caused a furore when the Italian artist Giacomo Grosso exhibited Supreme Meeting, a painting of a dead man surrounded by female figures, a risqué image that became the most popular painting in the show.
Right from the start, too, the biennale became a showcase for important and significant developments in contemporary art. Paintings by Millet and Corot and sculptures by Rodin arrived in 1901, the work of the American artist John Singer Sargent caused a stir in 1903 and by 1910 Renoir and Klimt were battling it out for best in show.
By this time, the biennale had begun to develop into the event it is today, with the creation of pavilions in the Giardini.
The first of these was built by Belgium in 1907, quickly followed by the British (a converted tea room), as well as French and German structures.
Now, there are 30 permanent mini-galleries in the shady garden area. But this, of course, is nowhere near enough. Over the years, the biennale has expanded over the city. Next year's event, which begins on June 4, is the biggest yet. The exhibitions will be housed all over the city and will be bolstered by what the Italians call "collateral" events, organised by various international institutions.
Indeed, for a first-time visitor to the biennale, the sheer scale of art on display and the multiplicity of organisations hosting exhibitions can be intimidating.
Broadly speaking, the biennale falls into three categories. The first is the national exhibitions, chosen either by a nominated body such as the British Council in the UK or an institution (for the United States). These shows, which spill out from the Giardini into disused palazzos, industrial sites, and empty rooms all over the city, can show the work of one chosen artist, or can represent the work emerging from the country.
In 2005, China hosted a pavilion of its rising talent for the first time. In 2007, Mexico made its debut.
Artists who have already been nominated for 2009 include the British filmmaker Steve McQueen, whose film, Hunger, about the IRA hunger strikers, triumphed at Cannes, and Bruce Nauman, who will represent the United States.
But - and this is where it gets confusing - the art in the national pavilions does not have to be made by people from the country: Ukraine arrived at Venice two years ago with a show featuring British, German and American artists alongside the Ukrainian representatives. Nor does the artist have to be alive: in 2007 Félix Gonzalez-Torres was chosen to represent the US, despite having been dead for 11 years. Admittedly, this was the first time in 20 years that this had happened, but it reveals the way in which anything goes in Venice.
Alongside the national displays are major exhibitions curated by the director of the biennale. Next year's director is Daniel Birnbaum, an internationally respected curator and academic. He has already announced his theme, Making Worlds, and indicated that he wants to show the processes of production as well as the end results.
The Venice Biennale director curates a themed show in the central pavilion in the Giardini, but the biggest area under his control is in the Arsenale, the magnificent abandoned dockyard, which provides acres of space for the exploration of new art from all over the world. Its long, rough-hewn galleries become supermarkets of contemporary art at its most cutting edge.
Then there are the collateral events - exhibitions mounted by institutions from around the world - to draw focus to a particular artist or theme.
It all adds up to quite something. There are now more than 60 biennales and triennales around the world, but none quite matches Venice. As Gayford says, "It was the first and is still by far the most prominent and most important. It is the major platform for new artists, established figures and national types of art to get an airing."
That reputation has been cemented through the years by the sheer quality and significance of the work on display. It was, for example, the 1964 biennale that gave Robert Rauschenberg its top prize and brought pop art to Europe; in 1993 an exhibition in the Museo Correr, curated by David Sylvester, underlined the international reputation of Francis Bacon. In 2005, the same setting performed a similar function for Lucian Freud.
Often, the gestures and works that attract the most attention can be political: in 1993, Hans Haake broke up the floor of the German Pavilion with a jackhammer, forcing the visitor to "walk on the debris of a nation". In the same year, Ilia Kabokou transformed the Russian pavilion into an abandoned space full of rubbish.
In 1990, the Arsenale was the centre of controversy: the Catholic Church was outraged by an American work about Aids and Damien Hirst's pickled cow closed the whole show when formaldehyde started to leak out of its tank. In 2005, Poland exhibited a film which repeated the famous Stanford prison experiment, in which guards became oppressors - only this time around the guards refused to take part.
But it isn't just importance and significance that hangs in the air over the Venice Biennale. It is also the sense of simply being in the right place to pick up on the trends and the artists who are likely to dominate the headlines for years to come. It was in Venice in 2005, for example, that I first came across the work of Candice Breitz, the South African artist who has since made such an impact with her works, celebrating pop stars such as Madonna and Michael Jackson.
That was also the year that Olafur Eliasson created one of the most beautiful pieces I have ever seen: an installation on one of Venice's many islands called Your Black Horizon, in which he placed an artificial beam of light in a darkened room and made a false horizon, so intense it seemed real. It was unforgettable, and made all the more so by being sited in the real, luminous light of such a magical city.
Success at Venice for artists such as these guarantees not only increased visibility, but also inflated prices; although the event is strictly non commercial, when you have got so many powerful art world figures gathered in one place at one time, there's bound to be a certain amount of money-talk going on. In one of the best known examples, the prices commanded by the cowboy pictures of the Canadian artist Richard Prince quadrupled in 2003 once they had been seen at the biennale.
Naturally, there is a lot of second-rate and even indifferent work on display - and sometimes the pure bulk can be overwhelming. But as more and more countries take part, the Venice Biennale continues to allow art lovers, dealers and connoisseurs from all over the world an opportunity to get their eye in, to understand where things are coming from and, more importantly, where they are going to.
Sarah Crompton is arts editor in chief of the Daily Telegraph.
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BOSH!'s pantry essentials
Nutritional yeast
This is Firth's pick and an ingredient he says, "gives you an instant cheesy flavour". He advises making your own cream cheese with it or simply using it to whip up a mac and cheese or wholesome lasagne. It's available in organic and specialist grocery stores across the UAE.
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Umami flavours
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ICC Intercontinental Cup
UAE squad Rohan Mustafa (captain), Chirag Suri, Shaiman Anwar, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Saqlain Haider, Ahmed Raza, Mohammed Naveed, Imran Haider, Qadeer Ahmed, Mohammed Boota, Amir Hayat, Ashfaq Ahmed
Fixtures Nov 29-Dec 2
UAE v Afghanistan, Zayed Cricket Stadium, Abu Dhabi
Hong Kong v Papua New Guinea, Sharjah Cricket Stadium
Ireland v Scotland, Dubai International Stadium
Namibia v Netherlands, ICC Academy, Dubai
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
UAE currency: the story behind the money in your pockets
Indoor cricket World Cup:
Insportz, Dubai, September 16-23
UAE fixtures:
Men
Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final
Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final
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Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
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.”
Employment lawyer Meriel Schindler of Withers Worldwide shares her tips on achieving equal pay
Do your homework
Make sure that you are being offered a fair salary. There is lots of industry data available, and you can always talk to people who have come out of the organisation. Where I see people coming a cropper is where they haven’t done their homework.
Don’t be afraid to negotiate
It’s quite standard to negotiate if you think an offer is on the low side. The job is unlikely to be withdrawn if you ask for money, and if that did happen I’d question whether you want to work for an employer who is so hypersensitive.
Know your worth
Women tend to be a bit more reticent to talk about their achievements. In my experience they need to have more confidence in their own abilities – men will big up what they’ve done to get a pay rise, and to compete women need to turn up the volume.
Work together
If you suspect men in your organisation are being paid more, look your boss in the eye and say, “I want you to assure me that I’m paid equivalent to my peers”. If you’re not getting a straight answer, talk to your peer group and consider taking direct action to fix inequality.