CAPE TOWN - Collectors from America and Europe are scouring Cape Town’s booming art scene in search of deals as diverse as an expressive oil painting by South Africa’s Irma Stern or a sculpture assembled from bottle caps by Ghana’s El Anatsui.
“We sold approximately R106 million worth of art, including commission... which is a record for South Africa and for Africa as a continent,” said Frank Kilbourn, executive chairman of auction house Strauss and Co. “It bodes extremely well for the future of African and South African art.” Kilbourn said local buyers snatched up Stern’s works, although there was strong competition from abroad.
The potential investment value of some of the continent’s historic art figures and a favourable dollar-rand exchange rate are also attracting foreign buyers, Kilbourn said, adding South Africa’s art market is valued at around 2-3 billion rand a year.
Can people get that..... It’s not affluent privileged trivia, It’s what draws foreign tourists, Who bring the forex, Who create the ability for the money to be spent on upliftment of communities Depending of course which party runs the city
It's the vino.
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