CNN’s Marketplace Africa looks at the African art market from William Kentridge to young Africans who are finally earning a living from their art:
In recent years, African artists have seen their work increase in value as they attract global investors.
South Africa, in particular, has seen a significant rise in prices paid out for major works, according to Strauss and Co, a Johannesburg auction house selling 20th Century art.
Prices for major South African art are estimated to have increased by over 500 percent in the past five to 10 years, according to the auction house.
In recent years a new world record was set for a still-life by a South African artist when a stunning piece by Irma Stern sold for more than one million dollars.
Only halfway through the year, Strauss and Co. says it has already earned more from sales this year than in the whole of 2009.
