Market Analysis: Modern & Contemporary African Artists 2016 – 2019
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- Pages: 38
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After a record year in 2017, African auction sales have started to slow down
In January 2019, the ArtTactic Outlook 2019 report again predicted that the African Modern and Contemporary art market was going to be one of the fastest growing art markets this year, with 47% of experts surveyed believing the African art market would see sales higher in 2019. However, the forecasts have not come through so far this year, with international African sales in the first half of 2019 by Christie’s, Sotheby’s, Philips, Bonhams, Piasa, Strauss and ArtHouse Nigeria generating a total of $25.3 million, 11.3% lower than first half of 2018.
Launching a new innovative new report
This report follows on from our report in October 2018 which presented an in-depth analysis of the bourgeoning modern and contemporary African art market through the dedicated London auctions. The scope of this new African Modern & Contemporary Art market report has broadened, to cover sales at Christie’s, Sotheby’s, Philips, Bonhams, Piasa, Strauss and ArtHouse Nigeria.
About this report:
This report presents an in-depth comparative analysis of the auction market for Modern & Contemporary African artists sold by Christie’s, Sotheby’s, Philips, Bonhams, Piasa, Strauss and ArtHouse Nigeria in 2019. The analysis also provides analytical tools looking at annual trends between 2016 and 2019, as well as a breakdown of the market by artists’ country of origin and art sectors.
Who is it for?
This report is popular among art advisors, auction houses and collectors of emerging art sectors who want to get an overall feel for the current market trends, yet an in-depth view into some of the key current sales dynamics in the modern and contemporary African art auction market.
Analytical tools:
Comparable Performance: Modern & Contemporary African art auction sales performance comparison between Christie’s, Sotheby’s, Philips, Bonhams, Piasa, Strauss and ArtHouse Nigeria including: Total sales, Average Prices and Market Share.
Auction Overview Dashboards: Auction breakdown by price brackets, gender, country of origin, medium and living vs. deceased artists.
Top Prices: Ranking by the highest prices achieved and by top price-to-estimate performance.
Country Sector Analysis: Breakdown of auction sales by artists’ country of origin for Christie’s, Sotheby’s, Philips, Bonhams, Piasa, Strauss and ArtHouse Nigeria sales.
Market Sector Analysis: Breakdown of auction sales by modern and contemporary segments for Christie’s, Sotheby’s, Philips, Bonhams, Piasa, Strauss and ArtHouse Nigeria.
ArtForecaster is delighted to launch a new forecasting reward system that awards players with points which can be redeemed in ArtTactic research reports and online courses. This report can be bought by redeeming your ArtForecaster Points.