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Highlights: African Market Statistics in 2014
Africa Art Market Top 100 Ranking 2014
- The Top 100 Ranking 2014 is dominated by South African artists in first place (40 out of 100 artists) and Nigerian artists in second (12 out of 100 artists).
- 42% of the 100 artists practice painting, 28% sculpture, and 14% photography.
- The number of biennales has increased by 50% in the past 5 years, up to 15 today.
- Sales for Bonhams in Africa in May 2014 raised US$ 1.9 million, up 47% from 2013.
- The FNB Joburg Art Fair recorded US$ 2.3 million in sales in 2014, up 30% from last year.
- Gervanne and Matthias Leridon’s collection counts about 3000 artworks (assembled in 14 years) while Robert Devereux’s counts 800 artworks (assembled in 4 years). Both have an average acquisition rate of 200 artworks per year.
- The largest known private collection on African soil is owned by Nigerian businessman Prince Yemisi Adedoyin Shyllon. It includes 7000 artworks, 70% of which are modern and contemporary, and 95% by African artists.