Arthouse Contemporary makes a sum of N233,062,500 million from the twentieth edition of its auction of Modern and Contemporary Art on June 4, 2018 held at the Kia Showroom, Victoria Island, Lagos, Nigeria.
Featuring 105 lots of leading master works from the modern period alongside cutting-edge contemporary art from the region’s most celebrated artists. The auction marks the 10th year anniversary of Arthouse Contemporary’s auctions.
The star sale of the evening was Ben Enwonwu’s Anyanwu, a bronze sculpture from circa 1975, that sold for N59,800,000. This was followed by Ben Enwonwu’s Negritude, a watercolour on paper from 1990, that sold for N46,000,000.
Other highlights of the auction included El Anatsui’s Duve, a mixed media wood panel, which sold for N17,250,000. Rom Isichei’s Rhyme to the Rhythm sold for N5,520,000, and Bruce Onobrakpeya’s Eru (Fear), an acrylic on canvas from 1998, sold for N5,175,000.
The auction also included four charity lots in support of the Arthouse Foundation, a non-profit artist residency programme in Lagos, which raised a total of NGN 700,000. The proceeds from the charity lots will go directly to supporting the Arthouse Foundation’s annual artist residencies.
Founded in 2007, Arthouse Contemporary is an international auction house that specialises in modern and contemporary art from West Africa. With auctions held twice a year in Lagos, Arthouse Contemporary aims to create awareness of the scope of contemporary art in the region, encourage international recognition towards its talented artists, and strengthen the economy of its art market.
Arthouse Contemporary is proudly sponsored by Access Bank, Kia Motors, Veuve Clicquot, 7UP, Le Connaisseur, and Shiro.