Affordable Art Auction has raked in N27 million as new artists make the top sale. The Affordable Art auction organised annually by Arthouse Contemporary took place on February 21, 2019, at the Kia Showroom, Lagos.
The Auction which featured 97 lots from emerging and established artists, the auction brought in a total of NGN 27,047,750 during the evening’s sale.
The two top sales of the evening were Rom Ischei’s Strength of Purpose I and II, two oil on boards that sold for N1,150,000 and N1,116,250. Pita Ohiwerei’s No Woman No Cry, an oil on canvas for 1999, sold for N1,057,500.
Bunmbi Batatunde’s bronze sculpture, Possibilities, sold for 1,034,000, while Twins Seven Seven’s The Great Fisherman, a mixed media on board from 2001, sold forN998,750.
This edition also featured charity lots by A. Akande, George Edozie, Nwachukwu Ike and Chibuike Uzoma, in support of the Arthouse Foundation, the non-profit artist residency programme in Lagos, raising a total of NGN 1,280,000. The proceeds from these charity lots will go directly to supporting the programmes of the Arthouse Foundation, including its residencies, workshops, talks and public events.
The Affordable Art Auction aims to engage new collectors with all works of art estimated below one million naira. As the sister edition to the May and November auctions, the Affordable Art Auction features artworks that are scaled to an affordable and accessible price point.
The Affordable Art Auction was generously supported by Kia Motors, Le Connaisseur, Chocolat Royal, 7UP and The Guardian.
Founded in 2007, Arthouse Contemporary is an international auction house that specialises in modern and contemporary art from West Africa. 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.