FRED SCOTT: Sale of Bowie’s collection one of the year’s record-setting highlights for African artists
A combination of factors determines the final currency value of artworks and explains the huge variance in prices, writes Fred Scott
01 December 2016 - 07:21
It’s the end of October in Johannesburg and the hammer falls for Profile Figures, a large painting by South African artist Alexis Preller when bidding reaches R6.2m. We’re at the inaugural sale of Aspire, a new entrant in the auction market.