Art Market Monitor

Global Coverage ~ Unique Analysis

Strauss & Co. South African = 70.6m ZAR ($5.6m)

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Strauss & Co. held its Summer 2017 sale in the Southern hemisphere making R70.6m a record with 84.43% of the lots sold. As usual for the category, the top lots were works by Irma Stern, including the Young Arab (above) that sold for R13.6m. Four of the top 10 works were also by Stern.

Strauss Co 317

Strauss & Co. South African = $4.125m

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irma-stern-woman-with-a-blue-headscarf-204k-usd

Strauss & Co. issued this press release explaining their results:

The percentage sold by value and lot combined was 80.5%, with a total realised of R55 million ($4.125m)

The star lots were a series of intimately scaled Alexis Prellers formerly owned by prominent Johannesburg collectors Liselotte and Walter Hardebeck. A rare Preller portrait titled Woman with Red Hair / Ophelia sold for R2 273 600 after intense bidding. The sale price was ten times the median estimate.

strauss-nov-7-2016Continue Reading

Strauss South African Art (May) = $4.99m

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Vladimir Tretchikoff - The Dying Swan

Sale total  R47 308 775 , 76.09% lot sell-through rate

  1. Jacob Hendrik Pierneef, Extensive Landscape, Lydenburg, Northern Drakensberg Beyond (R5 000 000 – 7 000 000) 5 911 360
  2. Cecil Edwin Frans Skotnes, The Last Supper (R300 000 – 400 000) 1,818,880
  3. William Joseph Kentridge, Female Nude (R1 000 000 – 1 500 000) 1 591 520
  4. William Joseph Kentridge (R1 200 000 – 1 600 000) 1,250,480
  5. Irma Stern, Proteas (R1 000 000 – 1 500 000) 1,136,800
  6. Vladimir Griegorovich Tretchikoff, Alicia Markova “The Dying Swan” (R800 000 – 1 200 000) 1,079,960
  7. Alexis Preller, Gold Primavera (R600 000 – 900 000) 966,280
  8. Vladimir Griegorovich Tretchikoff, Balinese Girl (R700 000 – 900 000) 966 280
  9. Jacob Hendrik Pierneef, Extensive Landscape, Eastern Freestate (R600 000 – 900 000) 852 600
  10. Alexis Preller, Choros (R600 000 – 900 000) 852,600

www.straussart.co.za

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