South African Art breaks records at £2.5m auction
South African Art breaks records at 2.5m auction
Six world records were smashed at Bonhams last weekend
Bonham's sixth sale of South African art in London yesterday made a total 2.5m.
The auction saw new world record prices achieved for six artists:
Christo Coetzee: still life with fruit, a banjo, and a birdcage sold for 64,800, four times the previous record for the artist
Maud Frances Eyston Sumner: The Sea of Galilee sold for 62,400; some 20% more than the previous record
John Meyer: Ripplemead turnoff sold for 18,000 - a new record.
Dumile Feni-Mhlaba: Lion and cub sold for 12,000; doubling the previous record for the artist.
Jurgen Schadeberg: Nelson Mandela in his law office, Johannesburg, 1952 sold for 6,000.
And Stella Shawzin: Hero washerwoman unframed sold for 5,040 again a world record for the artist.
However the top lot was a glowing Irma Stern titled 'ripe fields' which made 252,000 against an estimate of 150-200,000.
The sale offered further proof of the merits of art investment. The market is not just for millionaires. investment pieces are available for as little as 5,000 per piece.
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