'There are works by African artists that are fetching over £1m, and other works by African artists fetching £500,000 that a few years ago were only fetching £10-15,000.'
Sokari Douglas Camp says it is harder for African artists to see their work achieve its deserved financial valueSokari Douglas Camp laughs as she says she is "amazed that there is still money being spent on my work".
"The aesthetic qualities my pieces have are definitely foreign from other western ideas," says Ms Douglas Camp. "It takes a long time for the West to accept that other people have ideas, or have worthy cultures and traditions." Mr Peppiatt says that major international institutions like the Tate in London, and the Metropolitan Museum of Art in New York, are racing to make up for years of neglecting the sector.
But having your work sell for big prices at auction doesn't mean an artist can immediately break out the champagne. High auction sale prices may mean your gallery is able to charge more for your other work, but the increase there is unlikely to be stratospheric, according to Mr Peppiatt. Mr Devereux thinks this has to change. He's working to support grassroots arts organisations on the continent with his African Arts Trust.The sale will include work by emerging artists, but also some from big names like Ghanaian sculpture El Anatsui, whose New Layout instillation sold for $1.9m in New York last year.Some African art now sells for six figures, such as this work, New Layout, by Ghanaian El Anatsui, which was bought for $1.
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