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African Art Auction House Market Share
1:54 (loNDoN aND New York)
Buyers profiles
Established collectors as well as regular clients. The majority of galleries forged relationships with new clients, collectors, and institutions during both editions.
Sales
Highest sales brackets US$6,000 – 12,000 and US$12,000 – 20,000 (New York)
Visitors
15,000 (London)5,000 (New York)
CaPe towN art Fair
Buyers profiles
Collectors, curators, cultural institutions, public bodies, artists, art-lovers and the general public
Sales
US$2.1million
Visitors
8,548 (unique visitors)14,000 (visits)
Arthouse
2 dedicated sales
Turnover
US$1,277,226An increase of 10.5% from 2014Sell-through rate 65%
Buyers profiles
Mix of both Nigerian and international clients: healthy group of Nigerian collectors, collectors from other countries in West Africa, UK, Europe, and USA.
Top sales
Ben Enwonwu, Untitled (1976)
Estimate: US$40,000 – US$50,000
Sold for US$112,500
El Anatsui, Zata (2015)Estimate: US$75,000 – US$90,000Sold for US$77,000
Yusuf Grillo, Truly Hijab? (2011-2012)Estimate: US$50,000 – US$60,000Sold for US$55,000
Ablade Glover, Female Profile (2013)Estimate: US$11,000 – 12,500Sold for US$25,875
The top sales of the year indicate a steady general trend of auctions, with the works of master modern artists Ben Enwonwu and Yusuf Grillo fetching top prices, along with contemporary artist El Anatsui. These three artists have cemented their market value and are in continuous demand. In addition, Nigerian artist Rom Isichei and Ghanian artist Ablade Glover reflect the growing interest in the contemporary as a viable asset.
Ismaila Fatty, 2016
Individuals
132 x 20 CM
CourT.THe arTisT
Individuals
132 x 20 CM
CourT.THe arTisT
