FOREIGN BUYERS FLOCK TO CAPE TOWN’S BOOMING ART SCENE

Reuters

CAPE TOWN – Collectors from America and Europe are scouring Cape Town’s booming art scene in search of deals as diverse as an expressive oil painting by South Africa’s Irma Stern or a sculpture assembled from bottle caps by Ghana’s El Anatsui.

Dozens of venues, including the Association of Visual Arts Gallery and the converted grain silos of the Zeitz Museum of Contemporary African Art (Mocaa), are catering to aficionados seeking a good investment as well as the general public.

At a packed auction on Monday, bidding reached new highs as collectors phoning in from as far away as Chile and Canada competed against each other and the audience. …Read More

Image: Irma Stern’s ‘Arab’ sold at an auction in Cape Town on 19 March 2019 for just over R20 million. Picture: straussart.co.za