Qatar May Bid for Christie's Auction House

Before you go, we thought you'd like these...
Before you go close icon
Qatar is interested in purchasing world-famous auction house Christie's.

"We are building a museum and it [Christie's] has links with the stuff we are collecting for our museum," Emir Hamad bin Khalifa al-Thani told The Financial Times. "It depends on the opportunity - if we had a good opportunity we would not hesitate."

Sponsored Links
So far, the emirate has not bid for the company, which is owned by France's Francois Pinault.

Qatar is the world's largest exporter of liquefied natural gas and is investing heavily in cultural works. It has already opened the Museum of Islamic Art and is planning to open a modern Arab art museum in December.

Members of the emirate's royal family have been major art collectors for decades.



Read Full Story

Markets

S&P 500 2,246.19 4.84 0.22%
DJIA 19,614.81 65.19 0.33%
NASDAQ 5,417.36 23.59 0.44%
DAX 11,193.92 14.50 0.13%
HANG SENG 22,760.98 -100.86 -0.44%
NIKKEI 225 18,996.37 230.90 1.23%
USD (per EUR) 1.06 0.00 -0.06%
USD (per CHF) 1.02 0.00 0.00%
JPY (per USD) 114.47 0.40 0.35%
GBP (per USD) 1.26 0.00 -0.05%

From Our Partners