Young art collectors are boosting contemporary South African art.
Auctioneer Anton Welz from Stephan Welz & Co said contemporary artists such as Willem Boshoff, Robert Hodgins and William Kentridge were doing “extraordinarily” well in the fine art auction market.
More than 100 pieces of Kentridge’s works sold for R24-million last year and his increasingly popular prints now range between R20000 and R2-million in price.
Welz said: “Besides the fact that he produces so much extraordinary art, Kentridge works in so many mediums, from prints and drawings to animated film. This makes his appeal very broad: there’s a Kentridge for every age group.”
Another younger contemporary artist whose work has become collectable is Nelson Makamo.
Last year his charcoal drawing, So Full of Youth – Not Yet Abused by Time, fetched R250000 at a Stephan Welz & Co auction, a record for the artist.
The interest in contemporary South African art is set to continue, with younger buyers and international bidders increasing.
“We’re seeing an influx of younger buyers in the market who are finding their way via new and different avenues,” said Welz.