What next for the contemporary African art market?

The market for contemporary African art, frequently cited as one of the next boom areas, is bubbling but still on hold. Reports from the 1:54 Contemporary African Art Fair held at Somerset House this month were generally positive as the fair gradually attracts more people from all over the world.

The October Gallery, for instance, sold out of works by relative newcomer, Irish-Nigerian artist LR Vandy. Auctions of African art at Bonhams and Sotheby’s raised a healthy £4 million and included some surprises as can happen in emerging markets. For instance, a painting by Senegalese artist, Papa Ibra Tall, once owned by jazz musician Duke Ellington, was estimated at £8,000 and sold for £118,750. 

Internationally recognised names like Cameroonian Pascale Marthine Tayou, shown at the Serpentine…

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