South Africa’s most expensive works of art

South Africa’s most expensive works of art

Cape Town Etc | Lucinda Dordley

A new report has revealed that the global top-end art market is valued at approximately $75-billion. African art accounts for $450-million, which equates to around R5.5-billion, and is held in South Africa specifically. The global market research group, New World Wealth, took a look at the rise of fine and classic art in South Africa over the past decade. According to its indices, the price of fine art in the country has risen by 28% in the past ten years. Global fine art prices have risen by 12% in the same period.

For a list of South Africa’s most expensive art, read more

Image: Irma Stern