The Louvre Museum will open the “most radical architectural intervention since the [I.M. Pei] pyramid in 1989″. After 10 years and $125 million, the new Islamic art galleries are set to open this Saturday. The gold undulating “flying carpet” or “luminous veil” roof is a 150-ton structure that was fabricated by using almost 9,000 steel tubes and designed by Mario Bellini and Rudy Ricciotti. Donors to the project include private corporations, the government of France, Prince Alwaleed bin Talal of Saudi Arabia, and other Arab donors and nations. The new galleries will house Islamic art from the 7th to the 19th centuries.

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The Wall Street Journal writes on the subject of the market for Islamic art which has been growing in the past few years, coinciding with many museums around the globe opening new Islamic wings. Many experts believe that Islamic art has been undervalued, and that a collector could easily build a museum-level collection, way below its long term market value. Though sales are growing, totals have varied from year to year, the combined sales of Sotheby’s and Christie’s peaked at $78.9 million in 2011, but this past spring the auction houses only brought in $23.3 million. It is, however, an emotional market, states William Robinson, Christie’s international head of Islamic Art, “When things are going well, prices go way over the top estimate. Six months later, an identical object gets no response.”

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