Fine Art For Sale

Rising prices at the Contemporary Art Market Fine Europe – Top calls for artists working in South Africa

The community of South African art collectors and investors may be a distant hemisphere away from the elite of the summer tour of Europe in the world that began in the Venice Biennale this year. However, analysts predict that the steady upward curve in the world art market that began in 2002 continue to push prices through the roof. One of Europe's most elite social scenes began his search for Venice, where fleets of private aircraft collectors exhibitions Art Basel, then at the Documenta in Kassel and finish your search incursions by Sothebys in London.

Sale of contemporary art reached unprecedented heights at auction. The event saw Francis Bacon self-portrait sold a record $ 40 million, twice its reserve price. Later Nympheas by Claude Monet was a staggering $ 37m and one of the artist's paintings Waterloo Bridge, which was expected to sell at auction for $ 14 million was $ 34m astounding.

Upward trends in the market in the southern hemisphere?

The intensification of the upward trend in the global market for art has also been felt in the southern hemisphere, and not so distant. contemporary art market of Australia which are considered comparable with record sales in South Africa also has seen in exhibitions and public events of the auction. Fine art modern Australian artists were sold for about $ 3.5 million, while the highest price obtained by a South African artist is about $ 1 million. That was for Dar es Salaam JH Pierneef which changed hands in the sale Bernardi in Pretoria. However, experts predict that there is no reason why South African artists can not sell their fine art at comparable prices.

South African teachers have passed the national auction records SA

Some South African Masters have surpassed the records of the SA national auctions. A Maggie Laubser oil, sailboat on Lake Guarda, signed and dated 1921, was sold for R220, 000 (USD31, 000) exceeding the value of their works of that period. The highest price at auction of Fine Arts was paid by a Sekoto, Coming Home, signed and dated 1974, which was demolished to R820, 000 (USD117, 000). This was followed by the R680, 000 (USD97, 000) paid by an oil Laubser, the slopes of Table Mountain Verse Portrait of a hiker. A George Pemba oil, Musicians, signed and dated 1990, sold for R200, 000 (USD28, 000), and oil by JEA Volschenk, the giants of the Cordillera de Zwaartberg, signed and dated in 1920, reached a hammer price of R125, 000 (USD18, 000). More is paid for oil by Adriaan Boshoff, Livestock and Herdboy that amounted to R300, 000 (USD43, 000).

A leader of the auction house said that "the art market trends tend to follow the housing market, which is currently very buoyant. The public has the resources and wealth, and therefore more money available to invest in art, which has shown better returns than the stock market in the last three years "

South Africa Contemporary Works Fine Gain International Respect

African cultural heritage and art has recently gained international respect because of the recognition received by such artists as Zwelethu Mthethwa, William Kentridge, Marlene Dumas. Galleries and museums have developed a distinct, strongly growing local and worldwide. Northern Europeans are often surprised when they learn that the brightly colored abstract paintings were created by an African artist. In the general art collectors and Gallery of art from Africa still associate with wooden statues and masks. Few people appreciate that artists African art to finish school and have a growing impact and are represented throughout the international art circuit. An interesting observation is that prices for Aboriginal art is increasing considerably, as is the case of works of black artists in South Africa.

About the Author

This topical article on the subject of fine art in South Africa was written by Deri Jenkins (BETEC, BA, BSc) on behalf South African Artists. Visit South African Artists fine Art Gallery to view a wide range of original art available to buy at affordable prices.

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