Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Collector’s Death Transforms Painter’s Market

December 5, 2017 by Marion Maneker

Sometimes an artist’s market gets a big bump from dumb luck. Take Lynette Yiadom-Boakye, the now sought-after painter, whose market got a big boost last month when collector Jerome Stern’s estate contained three works that all performed well enough at auction to promote the artist into a new league.

James Tarmy charts some of that evolution, starting with her collector base, “former NBA player Elliot Perry and his wife Kimberly, the German hair-care heir Thomas Olbricht, the Belgian collecting couple Wilfried and Yannicke Cooreman, the Japanese industrialist Hiroshi Taguchi, and the American philanthropist and collector Pamela Joyner,” and the growing demand for her work that Stern’s three canvases were sold into:

“Only five or six years ago you could still buy one of these canvases for less than 10,000 pounds [$13,476], says Hannah O’Leary, the head of Sotheby’s modern and contemporary African Art department, a division that was created last year. “Certainly, in the last 12 to 24 months, we’ve had a surge of people desperate to acquire her pieces.”

“She’s a great artist, first of all,” says O’Leary.  […]“But the fact that she is a woman, she is black, she is of the African diaspora—these are all things that the [art] market is turning toward.”

This Painter Just Went From ‘Up and Coming’ to Investment-Worthy (Bloomberg)

More from Art Market Monitor

  • The Tate's Gauguin CuratorThe Tate's Gauguin Curator
  • Chinese Claim Art Market = $26 BillionChinese Claim Art Market = $26 Billion
  • Paul McCarthy: Reluctant Sculptor, Committed CriticPaul McCarthy: Reluctant Sculptor, Committed Critic
  • The Flippers Live!The Flippers Live!
  • Park Ave. Armory RebornPark Ave. Armory Reborn
  • That’s Not Fraud, That’s Art DealingThat’s Not Fraud, That’s Art Dealing

Filed Under: Artists, General

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Tony Podesta's Secret Art Buying
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • David Hockney's $20m Pacific Coast Highway & Santa Monica
  • Basquiat's Last Girlfriend
  • Christie's Announces $70m Picasso Self Portrait
  • How to Chant Like an Auctioneer
  • Mark Rothko, Tamara de Lempicka, Mickalene Thomas to Star in Phillips London Evening Sale
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor