Market Analysis: Modern & Contemporary African Artists 2016 – 2020

• Analyst: Lindsay Dewar
• Pages: 52
• Access: Analyst

In ArtTactic’s Art Market Outlook Report 2021, the African art market was ranked as the second highest market in terms of market confidence, with 77% of experts expressing a neutral-to-positive view on the market in 2021.

Despite African art auction sales slowing down by  18% in 2020, a young generation of African artists saw sales surge last year.

About this report

This is our third report which presents an in-depth analysis of the bourgeoning modern and contemporary African art market. The report covers auction sales at Christie’s, Sotheby’s, Philips, Bonhams, Piasa, Strauss and ArtHouse Nigeria. New in this year’s report are analysis of the market for younger contemporary African artists and online-only auction sales. The analysis also provides analytical tools looking at annual trends between 2016 and 2020 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.