16.10.2024
In This Issue
🚀 London Becomes a Launch Pad for Africa’s Booming Art Market
💰 Kasper König Collection Fetches $6.5 Million
🍷 Sotheby’s To Auction Century of La Mission Haut-Brion Wines
London Becomes a Launch Pad for Africa’s Booming Art Market: London is increasingly emerging as a hub for African art, with firms like Strauss and Co expanding their operations in the city. Recently, the auction house launched its Art Club London, aligning with a private tour of Zanele Muholi’s exhibition at Tate Modern.
The market for African art in the U.K. is growing, with auction sales in London rising from $36.7 million in 2021 to $39.1 million in 2023, even as global fine art sales declined. Touria El Glaoui, founder of the 1-54 Contemporary African Art Fair, noted that interest has shifted to a more global base, with collectors increasingly from the Global South.
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Kasper König Collection Fetches $6.5 Million at Cologne Auction: The art collection of renowned German curator Kasper König has sold for €6 million (around $6.5 million) at an auction in Cologne.
König, who passed away in August at 80, was a key figure in the German art scene, curating exhibitions for notable artists like Andy Warhol and On Kawara. He founded the Skulptur Projekte Münster and co-established the art publishing house Walther König Verlag. Before his death, he donated 50 artworks to Museum Ludwig and collaborated with Van Ham auction house to sell 400 additional pieces.
The auction, titled ‘The Kasper König Collection — His Private Choice,’ took place on October 1 and 2, featuring mid-19th century American and European artists. Highlights included On Kawara’s ‘May 7, 1967,’ which sold for €1.06 million, and William Copley’s ‘Lady Be Good,’ which fetched €172,000.
Sotheby’s To Auction Century of La Mission Haut-Brion Wines: Sotheby’s has announced an auction on the 7th of November in London, featuring wines from Château La Mission Haut-Brion. Titled ‘Celebrating 40 Vintages by Domaine Clarence Dillon,’ the sale will include nearly 700 lots with a combined estimated value of over £1 million ($1.3 million).
The auction highlights wines from 1920 to 2022, including a double magnum of the 1983 vintage (est. £500-700) and a jeroboam of the acclaimed 1989 vintage (est. £6,500-8,500). The event also offers exclusive experiences, such as a dinner at the two-Michelin-starred Le Clarence in Paris.
Château La Mission Haut-Brion, often considered the ‘sixth First Growth,’ is celebrated for its quality and has garnered a loyal following among collectors. This auction marks the 40-year anniversary of the Dillon family’s ownership of the estate, showcasing the legacy and excellence of Bordeaux wines.
The State of the Art Market: Signals from the Recent Auctions in New York and Hong Kong
