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Browsing: Africa’s art market
- A steadily rising demand for works from African artists is drawing global audiences at major expos, auctions, and fairs.
- According to the 2023 Africa Wealth Report, the continent’s fine art market was valued at just over $1.8 billion as of December 2022.
- Beyond making sales, tech platforms are helping African artists get discovered by global collectors keen on African art.
Africa’s art market has been steadily carving out a niche for itself in the international art scene. The rising prominence of Africa’s art was visibly displayed during the 1-54 Contemporary African Art Fair in New York which ran from May 18th to 21st.
The landmark event has been hailed as the largest iteration since the fair debuted in the art capital in 2015. This was after the historic display of artworks from all corners of the continent. The even also served to connect artists from Africa with …