Market Analysis: Modern & Contemporary African Art Auctions – October 2018
|Report Type||Market Report|
London’s Modern & Contemporary African Art Auctions are up 42% in 2018 compared to 2017
In January 2018, the ArtTactic Outlook 2018 report predicted that the African Modern and Contemporary art market was going to be one of the fastest growing art markets this year, with 70% of experts surveyed believing the African art market would see sales higher in 2018. The forecasts seem to have come through, with international African sales by Bonhams and Sotheby’s generating a total of £6.45 million ($8.27 million), up 41.6% from 2017.
Launching a new innovative new report
This report is the first of its kind, presenting an in-depth analysis of the bourgeoning modern and contemporary African art market through the dedicated London auctions. It will be followed by regular updates tracking the market for art from the African continent.
About this report:
This report presents an in-depth comparative analysis of the auction market for Modern & Contemporary African artists sold by Sotheby’s and Bonhams in London in 2018. The analysis also provides analytical tools looking at annual trends between 2016 and 2018, 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.
Comparable Performance: Modern & Contemporary African art auction sales performance comparison between Sotheby’s and Bonhams in London 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 Sotheby’s and Bonhams sales.
Market Sector Analysis: Breakdown of auction sales by modern and contemporary segments for Sotheby’s and Bonhams.