Homegrown art collectors, decolonized donor funding, Twitter’s move ...Middle East

Quartz - Economy
Homegrown art collectors, decolonized donor funding, Twitter’s move
source : Quartz ( Middle East ) () 31
Hi Quartz Africa readers!Sales of African art make up only a small percentage of global art sales. But an interesting phenomena is taking place: the growth in purchases by collectors based on the continent.While about two-thirds of the bidders in Sotheby’s recent African contemporary art auction hailed from Europe and North America, the majority of the works were snapped up by African collectors, the auction house reports. It estimates that in the four years since it created its Modern & Contemporary African Art category, around 70% of sales have gone to African buyers.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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