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King Salman Launches Non-Profit Foundation to Invest in Human Development

Custodian of the Two Holy Mosques King Salman approves the adoption of the non-profit King Salman Foundation’s bylaws.
Custodian of the Two Holy Mosques King Salman approves the adoption of the non-profit King Salman Foundation’s bylaws.
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King Salman Launches Non-Profit Foundation to Invest in Human Development

Custodian of the Two Holy Mosques King Salman approves the adoption of the non-profit King Salman Foundation’s bylaws.
Custodian of the Two Holy Mosques King Salman approves the adoption of the non-profit King Salman Foundation’s bylaws.

Custodian of the Two Holy Mosques King Salman, in a royal decree on Thursday, approved the adoption of the non-profit King Salman Foundation’s bylaws.

The Foundation reflects King Salman’s passion for culture, knowledge and history and it perpetuates achievements in the non-profit sector. The Foundation also supports sustainability in urban development.

The launch of the Foundation is derived from the King’s longstanding charitable and humanitarian initiatives.

“We will always continue, God willing, to invest in people, develop their culture and pride in their identity as a permanent approach because we seek to confront human challenges and sustain the prosperity of societies,” the King said in a statement on his X account.

“We look forward to making the foundation a lasting impact on the individual and society,” he added.

There are a number of King Salman Cultural Centers, including the King Salman Museum and King Salman Library at the Diriyah Gate Project and Saudi Society Museum at the King Salman Park Project.

The Foundation reflects King Salman’s passion for culture, knowledge and history. (Asharq Al-Awsat)

Culture Minister Prince Badr bin Abdullah bin Farhan said the foundation continues King Salman's work to promote culture. He added on X that the foundation’s cultural centers would expand opportunities for creativity and knowledge.

Several cultural institutions and academic chairs named after King Salman reflect his long-standing support for cultural and historical values. These initiatives promote the Arabic language regionally and internationally and preserve Saudi history through various projects he has backed.

He has always supported Saudi cultural figures, encouraging their recognition and valuing their contributions. His personal library, filled with rare manuscripts and books, shows his passion for knowledge and preserving heritage.

The King Abdulaziz Foundation for Research and Archives (Darah) celebrated the launch of the Foundation, highlighting King Salman’s role in preserving national history.

During his 20 years as chairman, Darah saw significant growth, advancing the study of Saudi and Arab history, geography, and culture.

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Van Gogh Painting Falls Short of Expectations in Hong Kong Auction

A visitor looks closely at 'Les canots amarres' by Vincent van Gogh at Christie's new Asia Pacific headquarters in Hong Kong. Peter PARKS / AFP
A visitor looks closely at 'Les canots amarres' by Vincent van Gogh at Christie's new Asia Pacific headquarters in Hong Kong. Peter PARKS / AFP
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Van Gogh Painting Falls Short of Expectations in Hong Kong Auction

A visitor looks closely at 'Les canots amarres' by Vincent van Gogh at Christie's new Asia Pacific headquarters in Hong Kong. Peter PARKS / AFP
A visitor looks closely at 'Les canots amarres' by Vincent van Gogh at Christie's new Asia Pacific headquarters in Hong Kong. Peter PARKS / AFP

A Vincent van Gogh painting displaying the artist's shift from dark realism to vibrant impressionism sold for US$32.2 million at a Hong Kong auction on Thursday, falling short of expectations that it would fetch a record-breaking price.
"Les canots amarres" -- or "the moored boats" -- was the centerpiece of an inaugural evening sale held to celebrate the opening of auction house Christie's new Asia Pacific headquarters.
According to Christie's, it was expected to fetch HK$230-380 million (US$30-50 million) on the auction floor, AFP reported.
If bidding had reached the higher end of the estimated value, it could have surpassed Jean-Michel Basquiat's "Warrior" -- which went for HK$323.6 million in 2021 -- as the most expensive Western painting sold in Asia.

But the hammer of auctioneer Adrien Meyer fell Thursday at HK$250 million.
Cristian Albu, deputy chairman and head of 20th/21st century art at Christie's Asia Pacific, said the price was the "record of a Van Gogh in Asia.”
The auction house was "cautious" with its lineup on Thursday in hopes of boosting market confidence, added Ada Tsui, head of evening sale and specialist for 20th/21st century art.
Owned by the Italian royal family of Bourbon Two Sicilies, the Van Gogh painting is "the most important painting by the artist ever to be offered in Asia,” Christie's said in its introduction.
"'Les canots amarres' marks a vital stepping stone in his career," it said.
The painting is one of about 40 works Van Gogh developed around the scenic French town of Asnieres, a boating hub on the outskirts of Paris, during the summer of 1887.