Date of Award

2024

Document Type

MA Project - Restricted Access (SIA Only)

Project Type

MA Project - Business Plan

Degree Name

Master of Arts (MA)

Department

Art Business

First Advisor

Noah Kupferman

Second Advisor

Betsy Thomas

Abstract

The business plan is to open a commercial contemporary gallery in Dubai, the UAE. The primary focus will be on American, European and Russian artists with additional dealing in secondary-market work by both modern and contemporary artists on an opportunistic basis. Krasilin Gallery would heavily rely on cutting-edge technologies to be on par with younger collectors, who are becoming more and more visible in the global art market. The gallery would be located in Alserkal Avenue to be in the art community and lure more potential clients to our business. Our concept should fill in a certain gap in the local industry and let us take an advantage of the niche, which is largely unoccupied. The gallery is to be opened in September 2025. This date should be preceded by all necessary preparations for the start. We will require the seed capital of USD 223, 316 for the first financial year to begin operating.

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