May 25, 2008

Klimt of the rubbish bin

"African artists who craft beauty from what's left behindAFRICAN contemporary art rarely comes up for sale at the big auction houses. Sotheby's achieved some success in 1999 when it sold a few treasures from Jean Pigozzi, who holds the world's biggest private African contemporary-art collection. But the event was staged as a benefit for UNICEF and was heavily underwritten; many did not see it as a real auction.In 2000 Bonhams tried something more conventional, again in London, with a sale of modern and contemporary art, mostly from Nigeria. The estimates were low, yet many pieces did not sell. Those that did went for the asking price or less. ..." (2008-5-24)

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