Four South African paintings were sold for more than R1 million each in one evening

Four paintings by South African artists fetched more than R1 million each at the auction house Strauss & Co’s late-summer auction last night in Cape Town.

A work by the late Erik Laubscher, who was the first living artist in South Africa to have sold a painting for a million rand, set a new world record of R2.273 million for his Still Life compositions – one of the pieces from the Still Life collection, Still Life with iron and Fruit sold for R2 million last year.

The auction house says the Coffee Pot and Fruit painting which, previously sold for R1.8 million, was picked up by an art advisor on behalf of an anonymous client.

Art consultant Simon MacLennan from African Art Consultants, tells Business Insider South Africa that the price will likely drive interest in Laubscher’s other works, driving up the value of his other paintings.

The highest price ever achieved for a South African painting was R21.166 million for Irma Stern’s Two Arabs oil-on-canvas back in 2011, also at a Strauss auction. Strauss & Co’s auction last night achieved R37.7 million in sales.  Read more

2018-10-23T20:28:23+00:00