Sotheby’s much-vaunted calendar of Middle East exhibitions opens in London this week with a vast and dazzling collection that covers Islamic art, Orientalist paintings and contemporary Arab works, including an unseen painting by the late Etel Adnan.
From modern paintings, drawings, sculptures and ceramics by artists across the Arabian Peninsula, North Africa, Iran and Turkey to those produced during 1,200 years of Islamic patronage, the displays will be open to public view in London from October 21-25 before going under the hammer.
The UK auction house says the exhibits, which include Indian art, have a combined estimated auction value of £17 million ($19.1m) to £24.5m.
While historic pieces of Islamic significance, like the rare 16th-century folio from the Shahnameh ― or Book of Kings ― made for Shah Tahmasp of Persia and valued at up to £6 million, are expected to draw the wealthiest bidders. Fans of the region’s modern artists can acquire equally exceptional pieces at more affordable prices.
A particular highlight is an artwork by renowned American-Lebanese artist Adnan, from 1970, that has never been exhibited or sold before.
Given as a gift in the early 1970s to the Idriss family, old friends of Adnan’s, the abstract painting, California, is an "exciting rediscovery", says Sotheby’s head of communications for the Middle East, Melica Khansari, who expects the winning bid to “set the record” for a sale of an Adnan work.
The online auction for contemporary works from the Middle East is now open, with a top bid for California already at £140,000 with five days still to go before bidding ends.
Adnan was born in 1925 to a Greek mother and Syrian father, and raised in Beirut, Lebanon. Studying at French language schools in Lebanon, she then read philosophy at the Sorbonne in Paris.
Primarily recognised as a writer and poet, her most famous literary work was her 1977 novel Sitt Marie Rose, but Adnan, who died last year aged 96, was always an accomplished artist.
She started painting in the late 1950s, while at the same time working as a professor of philosophy in California, and became renowned for her colourful abstract compositions in later life.
California, painted during the Lebanese artist’s time living in America’s golden state, captures the exquisiteness of Adnan’s cubist abstraction of a cityscape of the small waterfront town of Sausalito in San Francisco Bay, where she lived.
The head of sales for Sotheby’s 20th-century Middle East auctions described the painting as “characteristic of Adnan’s signature technique, infused with meditative and introspective undertones”.
“The city emerges from an amalgamation of contrasting geometric shapes, trapped between a pale grey sky and an abstract mound shining red under a crimson star. Although this painting clearly mirrors a particular landscape in Adnan’s memory, it also leaves a broad space of interpretation to the viewer, with the red shapes evocative of both hills or the sea in what could be dusk or dawn on the city,” wrote Alexandra Roy.
For Nadania Idriss, who grew up in San Francisco and first met the artist she knew as “Auntie Etel” when she was a baby, the work of art holds a great deal more meaning.
“Etel gifted the painting to my parents when they moved to the Bay Area. It was definitely a major part of my childhood and upbringing, always in a prominent place in our living room. My parents view their collection as communal property, so my brother, who is five years older than I am, first took it with him when he moved out. He returned the painting a few years later and then it was given to me,” Ms Idriss told The National.
California has been hanging on her wall in Berlin since she moved there and, in 2011, founded Berlin Glas, a non-profit organisation that collaborates with artists and educators to promote opportunities for working with glass among youth and migrant communities.
After worrying about the condition of the “treasured” artwork in her dry and sunlit home, Ms Idriss decided the painting belonged in a more suitable environment and will put the proceeds of the sale towards Berlin Glas's programmes and upgrading the studio building.
“I remember my mother telling me that Etel was happy I was working directly with the visual arts,” Ms Idriss wrote.
"I think Etel would be very happy to know that her painting will support our programmes that are geared for community building, integration and the arts.”
Sotheby’s auction of 20th century art from the Middle East takes place online from October 19 to 25 . The live auction of arts of the Islamic world and India takes place on October 26.
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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Crazy Rich Asians
Director: Jon M Chu
Starring: Constance Wu, Henry Golding, Michelle Yeon, Gemma Chan
Four stars
Schedule for show courts
Centre Court - from 4pm UAE time
Johanna Konta (6) v Donna Vekic
Andy Murray (1) v Dustin Brown
Rafael Nadal (4) v Donald Young
Court 1 - from 4pm UAE time
Kei Nishikori (9) v Sergiy Stakhovsky
Qiang Wang v Venus Williams (10)
Beatriz Haddad Maia v Simona Halep (2)
Court 2 - from 2.30pm
Heather Watson v Anastasija Sevastova (18)
Jo-Wilfried Tsonga (12) v Simone Bolelli
Florian Mayer v Marin Cilic (7)
Ireland (15-1):
Ireland (15-1): Rob Kearney; Keith Earls, Chris Farrell, Bundee Aki, Jacob Stockdale; Jonathan Sexton, Conor Murray; Jack Conan, Sean O'Brien, Peter O'Mahony; James Ryan, Quinn Roux; Tadhg Furlong, Rory Best (capt), Cian Healy
Replacements: Sean Cronin, Dave Kilcoyne, Andrew Porter, Ultan Dillane, Josh van der Flier, John Cooney, Joey Carbery, Jordan Larmour
Coach: Joe Schmidt (NZL)