'There are works by African artists that are fetching over £1m, and other works by African artists fetching £500,000 that a few years ago were only fetching £10-15,000.'
Sokari Douglas Camp says it is harder for African artists to see their work achieve its deserved financial valueSokari Douglas Camp laughs as she says she is "amazed that there is still money being spent on my work".
"The aesthetic qualities my pieces have are definitely foreign from other western ideas," says Ms Douglas Camp. "It takes a long time for the West to accept that other people have ideas, or have worthy cultures and traditions." Mr Peppiatt says that major international institutions like the Tate in London, and the Metropolitan Museum of Art in New York, are racing to make up for years of neglecting the sector.
But having your work sell for big prices at auction doesn't mean an artist can immediately break out the champagne. High auction sale prices may mean your gallery is able to charge more for your other work, but the increase there is unlikely to be stratospheric, according to Mr Peppiatt. Mr Devereux thinks this has to change. He's working to support grassroots arts organisations on the continent with his African Arts Trust.The sale will include work by emerging artists, but also some from big names like Ghanaian sculpture El Anatsui, whose New Layout instillation sold for $1.9m in New York last year.Some African art now sells for six figures, such as this work, New Layout, by Ghanaian El Anatsui, which was bought for $1.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Global Recession Fears Push Oil Prices Lower | OilPrice.comThe bullish news of the OPEC+ output cut is wearing off, and the market is once again focusing on the possibility of a global recession.
Læs mere »
blink-182 announce return for global tour with Glasgow dateMulti-platinum group blink-182 have announced their return with plans for their 'biggest tour ever' next year.
Læs mere »
IMF forecasts ‘very painful’ outlook for global economy\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Læs mere »
IMF Dims Outlook for 2023 Global Economy Amid Ukraine WarThe lending agency cited Russia’s war against Ukraine, chronic inflation pressures, punishing interest rates and the lingering consequences of the global pandemic as threats to growth
Læs mere »
Global Energy Infrastructure Is At Risk After Nord Stream Pipeline Hit, Says PutinThe Nord Stream attacks at the end of September have raised concerns over the future of Europe’s gas supplies.
Læs mere »