When the main markets became sluggish, due to the international crisis, it seems the Art market in general and the African art market in a more specific way is accumulating higher results. But the collectors are also becoming more knowledgeable and selective .
Both Christie’s and Bonham’s, did serious efforts the last years to get more high end collectors to bid higher on the objects they offer. They did so by attracting new experts, and getting better informed clients. And for Christie’s by being very selective on the offered goods.
Christie’s sold the nice 8 feet tall Nkundu reliquary coming from the Willy Mestach to an anonymous buyer for $3,526,600, vastly outstripping its $260,000-$390,000 pre-sale estimate. and a nice Vili at $327,676 that was 8.75 inches tall. At Christie’s the sale total including Buyer’s Premium: 6,022,975 (EUR) 63 of 90 lots finding buyers just a bit below the Sotheby’s results of 7,268,875 EUR . Sotheby’s sold e.g. an Akan head at 540,750€, also worth mentioning is that they offered a fake weapon that failed to sell (lot 103) that clearly was a mix of styles, easy to spot with it duke head and mix of Teke and Luba styles, but certainly for Sotheby’s every error is one to much.
I hope you did not become dizzy from these high prices. If you’re not at the head of a hedge fund and simply can’t afford the high prices from Sotheby’s and Chrisities, but still want good quality objects coming from known collections, have a look at our inventory
As a reward for reading this newsletter and to thank you for being one of my customers, if after having visited my website http://www.buyafricanantiques.com you see something you like, give me a phone call at +32 3 227.35.40, and I’ll make sure you get a lower bargain price than the one mentioned on my website , and I also will personally assure it will reach you before Christmas.
You see some objects and videos of them in my previous posting.
I hope you enjoyed this edition,
“We no longer do the same job” was the comment from a dealer speaking about the African art sales that took place in Paris- the capital market for tribal arts- days after the auctions from Christie’s, December 13,2011 and the one at Sotheby’s on the 14th. Why did he say this? Well as explained in the video below because of the ...
sothebys exhibition reminder ...