South African art more popular than ever with international buyers
MORE "nonSouth Africans" are investing in South African art, widening the market for works by SA’s top artists, the head of South African art at Bonhams, Hannah O’Leary, says.O’Leary has watched prices rise for South African art over the past decade, she said on Friday.London-based auction house Bonhams has delivered record prices for South African art, and holds the record for eight of the top 10 art prices for work sold in the last nine years. All of these were works by Irma Stern."With sales exceeding $18m in 2011 Bonhams is the global market leader in South African Art, Bonhams says on its website."Stern is a world-class artist," says O’Leary. "Her work can stand up against any German expressionist."The increasing interest in South African art mirrors piqued interest in art from other emerging markets, such as Russia and China, O’Leary says.O’Leary is in SA to value art ahead of Bonhams’ second sale of South African art this year. There are two dedicated sales of South African a...
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