Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

More than a lakeside sipper: Why Lugana deserves your attention this summer

August 2, 2026

In New York Court, Dealer Yves Bouvier Seeks Sotheby’s Records as Part of New French Criminal Case

August 1, 2026

Archaeologists Uncover Ancient Egyptian Grave Markers Carved with Human Figures

July 31, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Art Market
Art Market

Riyadh’s New Black Gold Museum Attempts to Convey ‘The Legacy of Oil Through Art’

News RoomBy News RoomApril 7, 2026
Share
Facebook Twitter LinkedIn Pinterest Email

The Black Gold Museum opened this week in Riyadh, the capital city of Saudi Arabia as part of the country’s Vision 2030 initiative, the goals of which include diversifying the country’s economy and transforming its socioeconomic landscape.

As its name more than implies, the new museum, which was announced in September 2020, deals with the intersection of oil and contemporary art. (Saudia Arabia has the world’s second largest oil reserves, after Venezuela.) The Black Gold Museum takes a mostly positive spin on petroleum, telling the story of life before and after the discovery of oil “in a creative and innovative way,” according to a publicity video about the museum.

The Black Gold Museum’s permanent collection is drawn from the Saudia Arabian Ministry of Culture, which is run by Prince Bader bin Abdullah bin Farhan. The collection includes some 350 artworks by 170 artists from around the globe, among them Manal AlDowayan, Ayman Zedani, Muhannad Shono, Doug Aitken, Jimmie Durham, and Wim Delvoye.

The museum is part of the King Abdullah Petroleum Studies and Research Center, a five-building complex that opened in 2017 and was designed by the late Zaha Hadid, who won the commission in 2009. The interior of one of the five buildings was transformed from a research library into the Black Gold Museum by the London-based firm DaeWha Kang Design. There are four floors of permanent collection galleries, rotating exhibition galleries, space of events, and an outdoor garden.

Jack Persekian, a long-time supporter of Arab art, was appointed director in 2022. Persekian was the founding director of the Sharjah Art Foundation in the UAE and the Al Ma‘mal Foundation for Contemporary Art in Jerusalem, and has organized exhibitions and biennials around the world.

Photos of the Black Gold Museum are below, showcasing the museum’s four distinct sections—Encounter, Dreams, Doubts, and Visions—which will collectively “pay tribute to this material [oil] that has profoundly shaped our lives.” The “Doubt” section, at least, will offer “a critical reflection on oil’s impact and the complexities of global reliance on it,” according to a press statement.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

In New York Court, Dealer Yves Bouvier Seeks Sotheby’s Records as Part of New French Criminal Case

Archaeologists Uncover Ancient Egyptian Grave Markers Carved with Human Figures

6 Books We’re Looking Forward to in August

Citing Censorship, Artist Emma Shapiro Launches Legal Challenge to Restore Instagram Account

Gagosian exits locations in Basel and London’s Burlington Arcade – The Art Newspaper

D.C.’s Equestrian Statues Are the Latest Targets of Trump’s ‘Beautification’

See the Trailer for the New Thomas Crown Affair Movie, Starring Michael B. Jordan as a Notorious Art Thief

‘Art world summer camp’: the Aspen Art Fair prioritises immersion over expansion – The Art Newspaper

Business School Professors Launch AI Tool to Help Identify Unclaimed Nazi-Era Looted Artworks

Recent Posts
  • More than a lakeside sipper: Why Lugana deserves your attention this summer
  • In New York Court, Dealer Yves Bouvier Seeks Sotheby’s Records as Part of New French Criminal Case
  • Archaeologists Uncover Ancient Egyptian Grave Markers Carved with Human Figures
  • 6 Books We’re Looking Forward to in August
  • Citing Censorship, Artist Emma Shapiro Launches Legal Challenge to Restore Instagram Account

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

In New York Court, Dealer Yves Bouvier Seeks Sotheby’s Records as Part of New French Criminal Case

August 1, 2026

Archaeologists Uncover Ancient Egyptian Grave Markers Carved with Human Figures

July 31, 2026

6 Books We’re Looking Forward to in August

July 31, 2026

Citing Censorship, Artist Emma Shapiro Launches Legal Challenge to Restore Instagram Account

July 31, 2026

Gagosian exits locations in Basel and London’s Burlington Arcade – The Art Newspaper

July 31, 2026
Facebook X (Twitter) Instagram
© 2026 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.