In size, Qatar is a small country that is located in the Persian Gulf; that boasts a wealthy and culturally ambitious citizens. According to world art market experts, the nation is buying art at an unprecedented, never before seen rate. For instance, The Museum of Modern Art spent $32 million last year acquiring art; while the Metropolitan Museum of Art dished out $39 million. Art experts have suggested Qatar’s budget exceeds close to $1 billion annually to purchase art. For more information on this story, head over to the New York Times.