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Qatar Reportedly Eyeing Christie's - ASHARQ AL-AWSAT English Archive
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LONDON (AFP) – The emir of Qatar has expressed an interest in the auction house Christie’s as the Gulf state seeks to establish itself as a cultural centre, in comments to a newspaper published Monday.

Sheikh Hamad bin Khalifa al-Thani told the Financial Times that he would not hold back if an opportunity came up to bid for the auction house and fine art business.

“We are building a museum and it [Christie’s] has links with the stuff we are collecting for our museum,” the emir said.

“It depends on the opportunity — if we had a good opportunity we would not hesitate.”

Christie’s, which was founded almost 250 years ago, told the paper that it had not received a formal approach from the Qataris.

Qatar, a major exporter of liquefied natural gas, has ploughed its riches into a series of high-profile investments in recent times.

It snapped up the landmark London department store Harrods in May for a reported 1.5 billion pounds (2.4 billion dollars, 1.7 billion euros).

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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