Colnaghi, one of the world's oldest surviving art dealerships, will open a space in Riyadh, following a deal struck with the Saudi private equity firm Sarat Investment Holding, worth 10m Saudi riyals (around £2m). Founded in 1760, and based in London since the late 18th century, Colnaghi is one of the world's most prominent galleries dealing in Old Masters, antiquities and pre-20th century art. The forthcoming Riyadh gallery marks the first instance of an Old Master gallery staking a claim in the Saudi market. This will be the fourth outpost for the gallery, which also has locations in New York and Madrid. The opening of Colnaghi Riyadh, which was announced this week by the Ministry of Culture (MOC), buttresses that assumption, though ultimately the Salvator Mundi's eventual home remains a mystery.