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SA art hits record sales

10 March 2009 No Comment

South African artworks fetched record sales at the Bonham South Africa Art sale in London held last month, with some 280 artworks selling for a total of £1.7m (R24.7million).

SA artThe top seller at the auction was Maggie Laubser’s Indian girl with poinsettias which more than doubled presale estimates and sold for R4 million.

Two record bids were also achived at the auction including Walter Battiss’ Africans in the autumn, the long yellow grass which sold for R862 290, well above pre-sale estimates of between R170 000 and R250 000.

Anton van Wouw’s sculpture Shangaan fetched R760 000 ahead of pre-sale estimates of between R100 000 and R150 000.

According to Bomhams, one of the world’s oldest and largest auctioneers of fine art and antiques, South African art is showing
continued strength in the international market. The record-breaking sales achieved offer an indication of the position of South African art internationally.

The February auction marked the fifth Bonhams South African sale and an event that is fast becoming a highlight in the Bonhams’ sale calender.

Giles Peppiatt, head of South African Art at Bonhams, says that since the first South African sale in 2007, the auctioneers have had to extend the sale to two days and two venues “to allow us to exhibit the works as they deserve.”

“We are seeing a maturing market for South African Art with a greater appreciation by non South African buyers. Increasingly the market is demanding the best but also paying greater and greater record prices,” he added.

Speaking of this year’s sale Peppiatt said; “This sale was not helped by the current economic climate, but having said that it is very reassuring to see top prices continue to be paid for the best works of art.”

The next South African Art sale is scheduled to take place on October 14th 2009. Bonhams is currently consigning works for the exhibition with a particular focus on artists such as Gerard Sekoto, Alexis Preller and Maggie Laubser. For further information and more South African good news, visit www.sagoodnews.co.za.

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