Johannesburg’s art auction market is showing renewed strength as modernist masterpieces and improved macroeconomic outlook boost buyer confidence. Strauss & Co’s flagship evening sale achieved R44.2 million, 81.76% sell-through, with standout results for JH Pierneef, Alexis Preller, Irma Stern, John Meyer, Gerard Sekoto and Vladimir Tretchikoff, reflecting rising demand and positive sentiment in South Africa’s art investment market.
Tag: Art Market
Strauss & Co collaboration with strong results for rare and important art from across East Africa
Strauss & Co’s inaugural collaboration with Nairobi’s Circle Art Agency delivered outstanding results, marking a milestone for East African modern and contemporary art. Rare works by Tanzanian modernists Sam Ntiro and K.F. Msangi led the auction, with Msangi’s Baobab Under the Red Moon (1968) achieving a remarkable KES 3,522,000 (US$27,271). The sale totalled KES 29,666,980 (US$229,727) from 52 lots, boasting an 80% sell-through rate and over 70% of lots exceeding high estimates. With strong participation from 19 countries and nearly half of bidders new to Art Auction East Africa | Strauss & Co, the event highlights the rising global demand for East African art and reinforces the region’s growing secondary market.