Spanning nine years of auction results from leading regional and international houses, The African Art Market 2016-24 report examines how a contraction in 2024 sales value coexists with a 13% increase in artworks sold. This divergence between value and volume highlights both the market’s underlying resilience and its evolving collector base, particularly in segments driven by affordability and access. From Southern Africa’s continued dominance to the record influx of African women artists, this report offers critical context for collectors, advisors, and cultural institutions navigating a changing landscape.

Inside, you’ll find:

• Year-on-year performance highlights, with a 2024 vs. 2023 comparison across value, volume, and regional contributions
• Top prices and performers
• Breakdown of regional trends across the continent, with Southern Africa leading both sales and volume metrics
• Focus sections on African Women Artists and Young Contemporary Artists
• New feature: Perspectives from the following industry professionals on where resilience and renewal are taking root
  • Dr. Alastair Meredith, Head of Department, Senior Art Specialist, Strauss & Co.
  • Siti Osman, Philanthropy and Patrons Manager, The Yinka Shonibare Foundation
  • Kwame Mintah, Co-founder, Efie Gallery