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AlUla Summit to Discuss Future of Global Culture Next Week

“AlUla Future Culture Summit” (FCS) will witness the participation of approximately 150 leaders, decision-makers, entrepreneurs, and artists from around the world during February 25 to 27. (SPA)
“AlUla Future Culture Summit” (FCS) will witness the participation of approximately 150 leaders, decision-makers, entrepreneurs, and artists from around the world during February 25 to 27. (SPA)
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AlUla Summit to Discuss Future of Global Culture Next Week

“AlUla Future Culture Summit” (FCS) will witness the participation of approximately 150 leaders, decision-makers, entrepreneurs, and artists from around the world during February 25 to 27. (SPA)
“AlUla Future Culture Summit” (FCS) will witness the participation of approximately 150 leaders, decision-makers, entrepreneurs, and artists from around the world during February 25 to 27. (SPA)

“AlUla Future Culture Summit” (FCS) will witness the participation of approximately 150 leaders, decision-makers, entrepreneurs, and artists from around the world during February 25 to 27, SPA said on Sunday.
The FCS aims to address key issues in the cultural sector and explore ways to strengthen it as a catalyst for social progress and positive transformation in the future.
The FCS, organized by the Royal Commission for AlUla in collaboration with the Ministry of Culture, comprises a range of discussions, workshops, and interactive presentations. Its objective is to explore innovative approaches to fostering widespread involvement and making a significant impact through art, culture, and related industries.
The FCS program comprises three primary sessions. The initial session, referred to as "The Rich Foundation," is designed to promote innovation and rejuvenation in culture. Its goal is to delve into the essence and requirements of culture, establishing a harmonious connection with the environment.
The second session, titled "The Creative Land," aims to facilitate the shift towards global creativity and cross-cultural dialogue. This session will explore cultural economic development policies, and provide support for creative entrepreneurship. The last session, named "Harvest of Impact," will focus on fostering comprehensive culture and community empowerment, examining global cultural production and its influence on local cultures.
In addition to exploring the natural and cultural beauty of AlUla, participants in this cultural event will also have the opportunity to enjoy various artistic performances. The lineup includes renowned Saudi artist Balqees Alrashed, the Spanish theater group La Fura dels Baus, and the talented Nigerian-British poet and writer Inua Ellams.

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Magritte Painting Nets Auction Record of $121 Million

Rene Magritte's "L'empire des lumières" is on display during a press preview for Christie's Fall 20/21 Marquee Week in New York, November 8, 2024. (AFP)
Rene Magritte's "L'empire des lumières" is on display during a press preview for Christie's Fall 20/21 Marquee Week in New York, November 8, 2024. (AFP)
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Magritte Painting Nets Auction Record of $121 Million

Rene Magritte's "L'empire des lumières" is on display during a press preview for Christie's Fall 20/21 Marquee Week in New York, November 8, 2024. (AFP)
Rene Magritte's "L'empire des lumières" is on display during a press preview for Christie's Fall 20/21 Marquee Week in New York, November 8, 2024. (AFP)

A painting by Rene Magritte shattered an auction record for the surrealist artist on Tuesday, selling for more than $121 million at Christie's in New York.

The seminal 1954 painting had been valued at $95 million, and the previous record for a work by Magritte (1898-1967) was $79 million, set in 2022.

After a nearly 10-minute bidding war on Tuesday, "Empire of Light" ("L'Empire des lumieres") was sold for $121,160,000, "achieving a world-record price for the artist and for a surrealist work of art at auction", according to auction house Christie's.

The painting -- depicting a house at night, illuminated by a lamp post, while under a bright, blue sky -- is one of a series by the Belgian artist showing the interplay of shadow and light.

"Empire of Light" was part of the private collection of Mica Ertegun, an interior designer who fled communist Romania to settle in the United States where she became an influential figure in the arts world.

She died in late 2023 and was married to the late Ahmet Ertegun, the music magnate who founded the Atlantic Records label.

The sale of the Magritte painting was an expected highlight of this week's autumn sales season in New York, at a time when the art market has seen a slowdown since last year.

Christie's -- which is controlled by Artemis, the investment holding company owned by the Pinault family -- said sales totaled $2.1 billion in the first half of this year.

That is down for the second straight year, after a peak of $4.1 billion in 2022 as the world emerged from the coronavirus pandemic.

During the same Christie's auction on Tuesday, a celebrated 1964 painting of a gas station by 86-year-old Ed Ruscha, titled "Standard Station, Ten-Cent Western Being Torn in Half," sold for $68.26 million, setting a new auction record for the American pop artist.