The art market, reportedly, is strong, while Egypt struggles to counter looting
In politics, in UAE, academics commented on the lack of Islamic and Arab culture in local branches of foreign schools and universities as a “cultural-security issue.”
In a crossover of politics and security, in Syria, armed conflict continues to put historic structures at risk. In Turkey, a civilian contractor for the U.S. Department of Defense was detained for suspected antiquities smuggling. Time provided a pictorial list of the top ten plundered artifacts. In China, the Vice Premier promoted an inventory of moveable cultural relics to maintain “cultural security.”
In economics, in Dubai, Christie’s reports that the art market in the Middle East has sustainable growth. In Poland, the art market reportedly is flourishing as well. In New York, Indian art did well in an auction at Sotheby’s. The art market in Europe also, reportedly, is showing strong growth.
In a crossover of economics and security, the debate continues over the viability of the art market as a place for investment comparable to the stock market. In Libya, oil exploration puts archaeological sites at risk. In New York, the district attorney charged a gallery owner among numerous other defendants in a money laundering ring of the Nahmad-Trincher Organisation.
In security, a report from the Egyptian Council for Culture and Arts indicates that looting remains a problem that the Ministry of Interior and security forces have not been able to counter effectively. Still authorities remain vigilant in seizing ancient coffins, statues, and coins, and a man was arrested for possession looted coins and small artifacts.
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