Commercial galleries Contemporary art Market United Kingdom

Gallery launched in Porto Montenegro, destination of the super-yacht set

Mead Carney's first show in the “Monte Carlo of the Adriatic” features blue-chip artists' work

Porto Montenegro's Lido Mar inifinity pool, designed by Studio RHE, features Jaume Plensa's 8 Possibilities, photo by Manuel Vazquez

Mead Carney, the contemporary art space and advisory firm founded by Nigel Mead in London in 2012, is the first commercial gallery to open in Porto Montenegro, which has been dubbed “the Monte Carlo of the Adriatic”. This month the gallery launched with the exhibition, “The Shock of the New” (until 30 September), which includes work by Damien Hirst, Gerhard Richter and Richard Prince.

The Adriatic Sea port, a tax-friendly destination and the home port of choice for many super-yacht owners, is in the Bay of Kotor, which is a Unesco World Heritage site. The former Yugoslav Navy ship yard and dry docks was re-opened as a marina and resort in 2009 by Peter Munk, a Canadian mining billionaire who has spent a reported €1bn developing the area, including a recently completed 150-berth extension. Investors in the port include the Russian billionaire Oleg Deripaska; France's richest man and the founder of luxury goods group LVMH, Bernard Arnault, and the British banking billionaires Jacob and Nat Rothschild. This week marks the planned opening of the five-star Regent Porto Montenegro Hotel & Residences, which overlook the marina.

“It is a privilege to be part of this project,” says Mead. “There is a tremendous amount of wealth that comes through the port and it is exciting to show established artists to a different audience.”

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