Slawn work to headline Sotheby's Modern & Contemporary African Art sale. (2024)

FAQs

What is the best auction house for African American art? ›

Swann remains the only major auction house with a team dedicated to African-American Fine Art.

Contemporary African Art Consignment

Sotheby's is your best resource to sell contemporary African paintings, sculpture and photography.

Collecting African art is not only a wise financial choice but also a social investment that supports the growth and success of young emerging artists. Established artists command higher prices and sell their works at auctions, attracting seasoned collectors.

And an Artprice report issued in March stated that “contemporary African art has become a staple element of the global art market,” with top auction houses working to meet the demand. Hiscox estimated that $63 million was spent on works by artists born in Africa in 2022, compared to $47 million the previous year.

At AfricartMarket, we are leaders and experts in the African art market. Our art evaluation process is anonymous and confidential, guaranteeing you a minimum 25% increase in the value of your object. Our independent experts are not allowed to buy your objects or know your identity when they make their appraisal.

ArtNet price database contains fine arts auction records from international and national auction sales. The database is updated daily with records from 1989 to the present.

US-based Ethiopian Julie Mehretu has once again broken the record for the highest sale price of any work by an African-born artist at auction. Her abstract painting Walkers With the Dawn and Morning fetched $10.7m (£8.6m) at Sotheby's in New York on Wednesday.

While sculptures and masks are arguably the most widely recognized types of African art, textile design and manufacturing have also been an important aspect of art-making throughout the continent's history.

Thus, some African art has value as entertainment; some has political or ideological significance; some is instrumental in a ritual context; and some has aesthetic value in itself. More often than not, a work of African art combines several or all of these elements.

Vast Natural Resources: Africa is rich in natural resources, including minerals, oil, gas, and agricultural land. These resources can offer significant investment opportunities in industries such as mining, energy, and agriculture. Growing Population: Africa has a young and rapidly growing population.

Where can I sell my African art online? ›

AfricartMarket – Get Your African Art Appraised – Tribal and Modern.

To learn about the value of your African and Oceanic art, simply submit images and information to Sotheby's through our easy-to-use online estimate form. Our specialists will contact you about its sale potential and help you determine when and where to sell your work based on our upcoming auction schedule.

What are the biggest art markets worldwide? The United States has been firmly holding its position as the leading country in the global art market over the past decade, followed by China and the United Kingdom. These three markets cumulatively held nearly 80 percent of the total sales value in 2023.

In 2022 works by Contemporary artists born in Africa generated $63 million at auction versus a previous record of around $47 million in 2021. At the end of the first half of 2022, we noted that the auction turnover generated by Contemporary African art was three times higher than during the first half of 2012.

The art auction market is one of the most lucrative and glamorous industries in the world, with billions of dollars worth of art sold each year. There are numerous art auction houses across the globe, but the top 5 are Christie's, Sotheby's, Phillips, Bonhams, and Heritage Auctions.

Sotheby's, Christie's, Phillips, Bonhams, and Heritage Auctions are among the top art auction houses. They are renowned for their expertise, exceptional collections, and global presence.

An auction house makes its money from the buyer and the seller. From the buyer it charges a “buyer's premium” which can range from 10 to 25 percent.

The Black Market Auction House's main location in Dragonflight is by the Petitioner's Concourse, just west of Valdrakken in Thaldraszus. Madam Goya is located inside a building in the area and once again serves as the Black Market NPC. She went all out, including hiring Dracthyr as the guards for the auction house!