Three Reasons That Make Us Believe In The Growth of the African Art market
1. Constant growth
In recent years, artwork value has steadily grown, confirming that the market is in expansion. Although still underrated, the rating and recognition of African artists increases every year. What with growing volume sales and sales records being broken, the contemporary African art market share has increased in a linear fashion.
2. Contemporary African art is on the rise
With the growing attention of the media and art collectors and the increase of galleries and events (both on and off the continent), contemporary African art and artists have the wind in their sails. Today, big auction houses regularly organize contemporary African art sales. While the initiatives are not necessarily new, many new fairs and exhibitions have emerged in recent years - notably ‘AKAA: Also Known As Africa’ in Paris or ‘1:54’ in London and New York, to name a few. Many cities, filled with a thriving art life, are opening themselves to African art and the public is asking for more.
3. The future is bright
With the contemporary African art market on the rise, we see a movement destined to continue. With the emergence of powerful African economies and ever-growing interest from the media, art collectors and the general public, this phenomenon is likely to continue increasing in the years to come.
From an economic and rational point of view, it’s very clear to us: All signals are green! Nevertheless, when getting a work of art, it is also about making a choice that comes from the heart and letting the artists and their work guide you by your emotions.
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