Art Prices Rising: 50 African Artists You Should Be Investing In

AFK INSIDER | Dana Sanchez:

Africa’s economy may be reeling from volatile oil and commodities prices, but prices are holding steady or rising for many of the continent’s African artists you should be investing in. Works by Africa’s best-known living artists often sell for less than $150,000 — the asking price at auction for works by much younger, less time-tested artists in New York, WallStreetJournal reported. Collectors say they’re taking a closer look at contemporary African art now because the continent’s whole art scene is making a seismic break with tradition. Three months ago, a tapestry made of scraps of aluminum by Ghana’s El Anatsui—arguably the best-known living African artist—sold for $1.2 million to a U.S. collector at Bonhams in London, the artist’s third-highest auction price. The piece was expected to sell for $800,000… Read more

Image: Ivorian artist Paul Sika has earned international acclaim using Technicolor to make overly saturated staged photos. Photo: paulsika.com